Ranked No. 3 among downtown markets
LOUISVILLE, Ky. (March 16, 2017) — The Louisville downtown and suburban office markets are ranked in the Top 10 in the nation in lowest asking rental rates, according to rankings by CBRE Research.
The downtown office market ranked third most affordable out of 50 downtown markets and the suburban office market ranked sixth out of 58 suburban markets.
The Louisville downtown office markets average a cost of $16.71 per square foot and the suburban markets average a cost of $17.96 per square foot, according to CBRE.
The Louisville downtown office market is the second-most affordable in the region after St. Louis, while the suburban office market was third most affordable after Cleveland and Detroit.
“This recent ranking by CBRE Research further solidifies Louisville’s competitive cost of doing business,” said Mayor Greg Fischer. “The city is experiencing more than $9 billion in investment right now, paired with our low unemployment rate and increase in average weekly wages, so now is the time to be doing business in Louisville.”