What are the different types of commercial real estate?

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate . However, there are three main categories that you are most likely to come across: office, retail, and industrial space . Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Louisville commercial real estate market incorporates 30,608,987 square feet of office space across 383 buildings. Office buildings can also accommodate coworking spaces , which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis. In Louisville, the coworking segment of the commercial real estate market incorporates about 6,970 square feet. Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Louisville commercial real estate market includes 7,115,229 square feet of retail space in a variety of settings. Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Louisville market, there is a total of 73,306,825 square feet of industrial property.

What types of commercial real estate are available in Louisville, KY?

The largest share of commercial real estate space for lease in Louisville is represented by Industrial space , which accounts for 10,120,663 square feet of available listings. Office space available in Louisville adds up to 6,159,349 square feet.

What factors affect the price of commercial real estate in Louisville, KY?

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

What is the average rent for commercial space in Louisville, KY?

The average rent for commercial real estate space listed for lease in Louisville is $16.15 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Louisville can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset. What’s more, each commercial property type makes its own rent market: while the average rent for office space rested at $19.44 per square foot, industrial space in Louisville saw average rents of $6.9 per square foot.

What are the best areas for commercial real estate in Louisville, KY?

The best choice of location for commercial space depends on the factors that are most relevant to your business. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type. As such, there are several areas that you could consider to be the best location for commercial real estate in Louisville, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Louisville is in the Louisville Central Business District neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Louisville Central Business District area . Meanwhile, retail space opportunities are most abundant in the St Andrews Park submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Southland Park . Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

How do I find a good commercial real estate broker?

Whether or not leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker . In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market , the property type you need representation for, and will handle negotiations on your behalf in your best interest. To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker . Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests. CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

What is the most profitable commercial real estate?

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $50 per square foot. In particular, the property type commanding the highest lease rates in Louisville was Retail space. Conversely, the highest sale price last year was $27,200,000 that is located at 888 West Market Street.

What is the average size of a commercial property in Louisville, KY?

The average size of a commercial property in Louisville depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use: In Louisville, the average size of an office property is 82,282 square feet. Retail properties here incorporate an average of 65,882 square feet. Industrial space in Louisville is in buildings that are, on average 240,350 square feet in size.

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877 Commercial Real Estate Listings in Louisville, KY

CRE Market Stats

1235 East Oak Street

1235 East Oak Street, Germantown, Louisville, KY
For Lease

$2,500.00/SF/MO
Property

Office

1,450 SF
Availability

1 Space

1,450 SF
Year Built

1953
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1440 Bland St

1440 Bland St, Merriwether, Louisville, KY
For Lease

Contact for pricing
Property

Industrial

27,526 SF
Availability

1 Space

27,526 SF
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Norwood I & II

7400 New La Grange Road, St. Matthews, Louisville, KY
For Lease

Contact for pricing
Property

Office

94,151 SF
Availability

9 Spaces

19,338 SF
Year Built

1980
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Retail Pad For Sale - Dixie Hwy

4623 Dixie Hwy, Shively, Louisville, KY
For Lease

Contact for pricing
Property

VacantLand
Availability

1 Space

1.7 Acre
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Former Advance Auto Retail

294 Marketplace Drive, Hillview, Louisville, KY
For Lease

$13.50/SF/YR
Property

Retail

6,000 SF
Availability

1 Space

6,000 SF
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Former Frisch's Restaurant and Night Club

6510 Signature Drive, Meadow Hill, Louisville, KY
For Lease

$23.00 - $27.00/SF/YR
Property

Retail

6,527 SF
Availability

1 Space

6,527 SF
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FIFTH THIRD BANK & PIZZA HUT

3601 & 3603 Buechel Bypass, Bon Air, 40218, KY
For Sale

$3,050,300
Property

Retail

5,722 SF
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Packerland Strip

2860 Packerland Way, Meadow Hill, Louisville, KY
For Lease

$29.00 - $31.00/SF/YR
Property

Retail

5,425 SF
Availability

1 Space

2,063 SF
Year Built

2023
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Former Frisch's

7401 Dixie Highway, St. Andrews Landing, Louisville, KY
For Lease

$12,500.00/MO
Property

Retail

5,799 SF
Availability

1 Space

112,385 SF
Year Built

2003
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Wahle Office Condominiums

4124 Wahl Street Blvd, Buechel Terrace, Louisville, KY
For Lease

$900.00 - $1,250.00/MO
Property

Office

18,302 SF
Availability

1 Space

943.84 SF
Year Built

2000
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Jewish Hospital Outpatient Care Center

225 Abraham Flexner Way, Louisville Central Business District, Louisville, KY
For Lease

$20.00/SF/YR
Property

Office

137,932 SF
Availability

2 Spaces

7,453 SF
Year Built

1985
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Brownsboro Crossing
Regus
9850 Von Allmen Court Suite 201, Louisville, KY
Services

Virtual Office

Open Workspace

Private Office

Dedicated Desk
Amenities

24/7 security

Access to global network

Business lounge

Cleaning services

Complimentary coffee & tea

High-speed internet

High-speed wifi

Kitchen

Mail services

Money-back guarantee
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One Oxmoor Place

101 Bullitt Lane, Oxmoor, Louisville, KY
For Lease

$26.00/SF/YR
Property

Office

134,488 SF
Availability

5 Spaces

16,295 SF
Year Built

1989
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Industrial warehouse, desirable area

4644 Illinois Avenue, Whitner, Louisville, KY
For Sale

$1,600,000
Property

Industrial

23,620 SF
Year Built

1970
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TruckPro

3303 Fern Valley Road, Indian Forest, Louisville, KY
For Sale

$2,300,000
Property

Retail

11,370 SF
Year Built

1974
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Brown & Williamson Tower

401 South 4th Street, Louisville Central Business District, Louisville, KY
For Lease

Contact for pricing
Property

Office

346,213 SF
Availability

9 Spaces

98,632 SF
Year Built

1982
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2550 Eastpoint Pkwy

2550 Eastpoint Pkwy, Eastpoint Parkway, Louisville, KY
For Lease

$25.00/SF/YR
Property

Office

48,000 SF
Availability

1 Space

7,210 SF
Year Built

2023
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Bardstown Road - Buechel - Retail and Office Building for Sale

3941 Central Ave, Village at Wildwood, Louisville, KY
For Sale

$435,000
Property

Office

2,389 SF
Year Built

1969
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Hurstbourne Forum IV

307 North Hurstbourne Parkway, Lyndon, Louisville, KY
For Lease

$20.00/SF/YR
Property

Office

110,267 SF
Availability

2 Spaces

38,046 SF
Year Built

1986
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Rocky's Auto Sales

9106 Dixie Hwy, Regal Heights, Louisville, KY
For Sale

$720,000
Property

Retail

3,900 SF
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Bluegrass Industrial Park Office Space

2540 Ridgemar Ct, Jeffersontown, Louisville, KY
For Lease

$10.00/SF/YR
Property

Office

11,664 SF
Availability

1 Space

1,452 SF
Year Built

1992
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Two Corporate Center

9900 Corporate Campus Drive, Lyndon, Louisville, KY
For Lease

Contact for pricing
Property

Office

70,099 SF
Availability

2 Spaces

20,415 SF
Year Built

1998
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MET Building
Regus
312 S. Fourth Street Suite 700, Louisville, KY
Services

Virtual Office

Open Workspace

Private Office

Dedicated Desk
Amenities

24/7 security

Access to global network

Business lounge

Cleaning services

Complimentary coffee & tea

High-speed internet

High-speed wifi

Kitchen

Mail services

Money-back guarantee
View Details (opens in new window)
1640 Lyndon Farm Court

1640 Lyndon Farm Court, Lyndon, Louisville, KY
For Lease

Contact for pricing
Property

Office

28,000 SF
Availability

1 Space

4,713 SF
Year Built

2001
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Browenton Place

2000 Warrington Way, Crossgate, Louisville, KY
For Sale

$7,250,000
Property

Office

33,992 SF
Year Built

1988
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17.5 Acres For Sale - East Jefferson County

14600 Poplar Lane, Echo Trails Farm, Louisville, KY
For Sale

$1,300,000
Property

VacantLand
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Building Size Range	Total Square Feet	Share of Total Office
50k to 100k Sq. Ft.	7,681,513 Sq. Ft.	24.84%
100k to 500k Sq. Ft.	15,100,640 Sq. Ft.	48.83%
500k to 1M Sq. Ft.	4,481,652 Sq. Ft.	14.49%

Class	Total Square Feet	Share of Total Office
Class A	11,990,721 Sq. Ft.	38.78%
Class B	17,338,174 Sq. Ft.	56.07%
Class C	358,342 Sq. Ft.	1.16%

Building Size Range	Total Square Feet	Share of Total Industrial
50k to 100k Sq. Ft.	5,735,251 Sq. Ft.	8.22%
100k to 500k Sq. Ft.	42,344,908 Sq. Ft.	60.73%
500k to 1M Sq. Ft.	12,192,211 Sq. Ft.	17.48%
> 1M Sq. Ft.	8,888,056 Sq. Ft.	12.75%

Class	Total Square Feet	Share of Total Industrial
Class A	35,997,903 Sq. Ft.	51.62%
Class B	21,706,525 Sq. Ft.	31.13%
Class C	1,101,644 Sq. Ft.	1.58%

Building Size Range	Total Square Feet	Share of Total Retail
50k to 100k Sq. Ft.	1,104,863 Sq. Ft.	24.5%
100k to 500k Sq. Ft.	2,358,610 Sq. Ft.	52.3%
500k to 1M Sq. Ft.	918,536 Sq. Ft.	20.37%

City	Property Type	Count of Listings	Total SF
Louisville, KY	Office	159	6,159,349
Louisville, KY	Retail	85	672,417
Louisville, KY	Industrial	86	10,120,663
Louisville, KY	Other	379	17,856,001

877 Commercial Real Estate Listings in Louisville, KY

Louisville, KY Commercial Real Estate Market Overview

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Louisville, KY?

What factors affect the price of commercial real estate in Louisville, KY?

What is the average rent for commercial space in Louisville, KY?

What are the best areas for commercial real estate in Louisville, KY?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Louisville, KY?

Louisville, KY Commercial Real Estate Inventory Breakdown

Total Office Space in Louisville: 30,921,805 Sq. Ft.

Total Industrial Space in Louisville: 69,729,930 Sq. Ft.

Total Retail Space in Louisville: 4,509,903 Sq. Ft.

Louisville, KY Currently Available Listings

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