Sewell Commercial Development & Brokerage
Market Scope for Lexington, Kentucky
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Lexington, Kentucky's second largest metropolitan area is strategically located in the heart of the Bluegrass Commonwealth at the crossroads of Interstate 75 and Interstate 64

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Highlights:

  • The Lexington-Fayette MSA is the 88th largest metropolitan area in the nation
  • The Lexington-Fayette MSA economy is expected to grow at a faster rate than the national average
  • Lexington is within a day's drive of two-thirds of the U.S. consumer market.  This "market accessibility" makes Lexington ideal for sectors such as manufacturing, retail and services including healthcare.
  • Lexington was named #23 of America's 50 Hottest Cities for manufacturing expansions and relocations by Expansion Management, January, 2002

Two of the largest employers of the Lexington MSA are Toyota Motor Manufacturing located approximately 10 miles north of Lexington in Georgetown, Kentucky and Lexmark International located in Lexington.

Over the past year, the real estate market and the econonmy as a whole has experienced some dramatic changes.  The stability of the Lexington real estae market in ofice, retail and multi-family has remained relatively strong compared to the national averages.  The industrial market has experienced higher vacancy levels that reflect more of the national averages.

Rental rates for spaces in Lexington fall within the following ranges and can vary on a case by case basis:

  • Class A Office: $15.00 to $19.00 per sq. ft. (full service)
  • Retail: $12.00 to $26.00 per sq. ft. (net)
  • Flex Space: $6.00 to $12.00 per sq. ft. (net)
  • Industrial: $3.00 to $5.00 per sq. ft. (net)  

Sewell Commercial Development and Brokerage welcomes the opportunity to speak with you concerning all of your commercial real estate needs.  Please refer to the contact the agents page here on our web site for more information.