Lexington, KY Commercial Real Estate for Lease and Sale

Explore 236 listings of Lexington commercial real estate to find the best space for your business.

One Paragon Centre

2525 Harrodsburg Road, Garden Springs, Lexington, KY
Property

Office

62,622 SF
Availability

1 Space

5,808 SF
Year Built

1984
For Lease

$22.00/SF/YR
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Vine Center

333 West Vine Street, Downtown Lexington, Lexington, KY
Property

Office

243,000 SF
Availability

5 Spaces

48,438 SF
Year Built

1982
For Lease

$14.95 - $19.95/SF/YR
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Lexington Professional Center

101 Yorkshire Boulevard, Richmond Square, Lexington, KY
Property

Office

180,866 SF
Year Built

1978
For Sale

$9,250,000
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Lexington Business Center

1300 New Circle Road, Liberty, Lexington, KY
Property

Industrial

309,135 SF
Availability

1 Space

15,263 SF
For Lease Contact for pricing
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Office Coworking Retail Industrial

Office Retail Industrial Land
400 East Vine Street

400 East Vine Street, Aylesford Place, Lexington, KY
Property

Office

36,272 SF
Availability

2 Spaces

6,858 SF
Year Built

1978
For Lease

$22.00/SF/YR
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Palomar Springs

4085 Harrodsburg Rd, Palomar Hills, Lexington, KY
Property

VacantLand
Availability

5 Spaces

65,938 SF
For Lease Contact for pricing
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Lexington Financial Center

250 West Main Street, Downtown Lexington, Lexington, KY
Property

Office

357,361 SF
Availability

11 Spaces

64,402 SF
Year Built

1986
For Lease

$19.95 - $21.95/SF/YR
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Community Trust Bank Building

100 East Vine Street, Downtown Lexington, Lexington, KY
Property

Office

82,388 SF
Availability

1 Space

1,800 SF
Year Built

1980
For Lease

$18.00/SF/YR
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Lexington Green Office Building I

230 Lexington Green Circle, Wellington, Lexington, KY
Property

Office

74,939 SF
Availability

2 Spaces

3,436 SF
Year Built

1980
For Lease

$21.50/SF/YR
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Prime Freestanding Restaurant Opportunity

134 Malabu Dr, Lansdowne, Lexington, KY
Property

Retail

5,200 SF
Availability

1 Space

5,200 SF
Year Built

2017
For Lease Contact for pricing
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Free Standing Retail For Lease in Lexington, KY

1123 Winchester Rd, Meadows - Loudon, Lexington, KY
Property

Retail

5,000 SF
Availability

1 Space

5,000 SF
Year Built

1982
For Lease

$13.00/SF/YR
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Lexington Professional Center

101 Yorkshire Boulevard, Richmond Square, Lexington, KY
Property

Office

180,866 SF
Availability

4 Spaces

180,866 SF
Year Built

1978
For Lease

$10.00/SF/YR
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249 East Main Street

249 East Main Street, Downtown Lexington, Lexington, KY
Property

Office

46,936 SF
Availability

2 Spaces

4,604 SF
Year Built

1988
For Lease Contact for pricing
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Northland Shopping Center

208 Legends Lane, Northside Lexington, Lexington, KY
Property

Retail

70,217 SF
Availability

2 Spaces

4,568 SF
For Lease

$15.00/SF/YR
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The Offices at Fritz Farm

4040 Finn Way, Forest View, Lexington, KY
Property

Office

40,000 SF
Availability

1 Space

3,345 SF
Year Built

2017
For Lease

$27.50/SF/YR
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Yesterday's Karaoke & Billiards

828 Lane Allen, Suite 140/150, Garden Springs, Lexington, KY
Property

Retail

3,869 SF
For Sale

Subject To Offer
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527 Wellington Way

527 Wellington Way, Wellington, Lexington, KY
Property

Office

31,115 SF
Availability

1 Space

3,000 SF
Year Built

2017
For Lease

$21.00/SF/YR
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Tates Creek Centre

4101 Tates Creek Centre Drive, Beleau Wood, Lexington, KY
Property

Retail

196,028 SF
Availability

2 Spaces

4,090 SF
Year Built

1986
For Lease Contact for pricing
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997 Governors Lane

997 Governors Lane, Beaumont, Lexington, KY
Property

Office

31,188 SF
Availability

1 Space

4,321 SF
Year Built

2007
For Lease

$18.00/SF/YR
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Monarch Plaza Office Park

1030 Monarch Street, Beaumont, Lexington, KY
Property

Office

206,240 SF
Availability

1 Space

1,665 SF
Year Built

2004
For Lease

$17.00/SF/YR
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Rare Infill Redevelopment Opportunity

331-341 Henry Street, North Upper, Lexington, KY
Property

Industrial

10,500 SF
For Sale

Subject To Offer
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Corner Development Lot

3326 Clays Mill Road & 641 Delzan Place, Wellington, Lexington, KY
Property

VacantLand
For Sale

$550,000
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Chase Tower

201 East Main Street, Downtown Lexington, Lexington, KY
Property

Office

239,213 SF
Availability

6 Spaces

31,748 SF
For Lease Contact for pricing
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Summit Square Office Park

3201 Summit Square Place, Richmond Square, Lexington, KY
Property

Office

79,641 SF
Availability

1 Space

1,200 SF
Year Built

2004
For Lease

$16.00/SF/YR
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Professional Heights Office Condos

2375 Professional Heights Drive, Zandale, Lexington, KY
Property

Office

12,329 SF
Availability

2 Spaces

3,626 SF
For Lease

$1,525.00 - $2,125.00/MO
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Executive Place

2285 Executive Drive, Eastland Parkway, Lexington, KY
Property

Office

38,962 SF
Availability

4 Spaces

13,754 SF
Year Built

1990
For Lease

$18.25 - $18.50/SF/YR
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War Admiral Place Endcap

2320 Elkhorn Road, Hamburg, Lexington, KY
Property

Retail

4,600 SF
Availability

1 Space

2,303 SF
For Lease Contact for pricing
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Sterling Center

565 East New Circle, Bryan Station, Lexington, KY
Property

Retail

13,500 SF
Availability

1 Space

1,000 SF
For Lease

$15.00/SF/YR
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Hamburg Business Center II

2704 Old Rosebud Road, Hamburg, Lexington, KY
Property

Office

30,000 SF
Availability

4 Spaces

25,000 SF
Year Built

2005
For Lease

$19.00/SF/YR
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The Phoenix Apartments

1708 Jennifer Road, Eastland Parkway, Lexington, KY
Property

Other
For Sale

$5,000,000
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424 Lewis Hargett Circle

424 Lewis Hargett Circle, Wellington, Lexington, KY
Property

Office

34,078 SF
Availability

1 Space

2,340 SF
Year Built

2004
For Lease

$22.00/SF/YR
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Barrister Hall

163 East Main Street, Downtown Lexington, Lexington, KY
Property

Office

29,800 SF
Availability

1 Space

3,658 SF
Year Built

1990
For Lease

$15.75/SF/YR
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BB&T Plaza

200 West Vine Street, Downtown Lexington, Lexington, KY
Property

Office

92,815 SF
Availability

16 Spaces

66,705 SF
Year Built

1972
For Lease

$12.75 - $16.95/SF/YR
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KY, Lexington - Monarch Street
HQ
1040 Monarch Street 3th Floor, Lexington, KY
Services

Virtual Office

Open Workspace

Private Office

Dedicated Desk
Amenities

24/7 security

Access to global network

Business address

Business lounge

Cleaning services

Ergonomic furniture

Lounge area

Mail services

Money-back guarantee

Office furniture
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Corner Development Lot

3326 Clays Mill Road & 641 Delzan Place, Wellington, Lexington, KY
Property

VacantLand
Availability

1 Space

21,780 SF
For Lease

$3,450.00/MO
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448 & 444 Lewis Hargett Circle

448 Lewis Hargett Circle, Wellington, Lexington, KY
Property

Office

40,093 SF
Availability

3 Spaces

6,810 SF
Year Built

2005
For Lease

$18.00 - $22.00/SF/YR
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Hamburg Office Park - One Hamburg

1792 Alysheba Way, Hamburg, Lexington, KY
Property

Office

74,187 SF
Availability

3 Spaces

6,667 SF
Year Built

2003
For Lease

$22.50/SF/YR
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Village Shoppes Lexington KY

3094 Richmond Road, Andover Estates, Lexington, KY
Property

Retail

12,000 SF
Availability

2 Spaces

2,550 SF
Year Built

1988
For Lease

$20.00/SF/YR
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975 SF Retail Space For Lease

1031 North Limestone, North Limestone, Lexington, KY
Property

Retail

8,580 SF
Availability

1 Space

975 SF
For Lease

$1,100.00/MO
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110 West Vine Street

110 West Vine Street, Downtown Lexington, Lexington, KY
Property

Office

42,696 SF
Availability

1 Space

7,593 SF
Year Built

1976
For Lease

$19.50/SF/YR
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Warehouse Block Free Standing Restaurant

701 National Ave, Mentelle, Lexington, KY
Property

Retail

2,303 SF
Availability

1 Space

2,303 SF
For Lease

$5,000.00/MO
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The Lion Building | Downtown Lexington Office

155 E Main Street , Downtown Lexington, Lexington, KY
Property

Office

30,568 SF
Availability

1 Space

2,438 SF
Year Built

1984
For Lease

$16.00/SF/YR
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Griffin Gate Plaza

1510 Newtown Pike, Griffin Gate, Lexington, KY
Property

Office

44,574 SF
Availability

3 Spaces

5,941 SF
For Lease

$14.75 - $17.00/SF/YR
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Blue Sky Industrial Park

345 Blue Sky Parkway, Boone Creek, Lexington, KY
Property

Industrial

9,000 SF
Availability

1 Space

9,000 SF
For Lease

$6.50/SF/YR
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981-985 Freight Boulevard

981-985 Freight Boulevard, Northside Lexington, Lexington, KY
Property

VacantLand
For Sale

$1,050,000
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Prosperous Place Offices

166 Prosperous Place, Richmond Square, Lexington, KY
Property

Office

6,600 SF
Availability

1 Space

2,280 SF
For Lease

$14.00/SF/YR
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Keithshire Place

3330 Partner Place & 3301 Keithshire Way, Wellington, Lexington, KY
Property

Retail

104,974 SF
Availability

7 Spaces

75,739 SF
For Lease

$2.07 - $15.00/SF/YR
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Two Paragon Centre

2343 Alexandria Drive, Garden Springs, Lexington, KY
Property

Office

45,887 SF
Availability

1 Space

1,231 SF
Year Built

1990
For Lease

$22.00/SF/YR
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Security Trust Building

271 West Short Street, Downtown Lexington, Lexington, KY
Property

Office

68,544 SF
Availability

7 Spaces

14,930 SF
Year Built

1905
For Lease

$16.50 - $20.50/SF/YR
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Fayette Place

127 W Tiverton Way, Germann Court, Lexington, KY
Property

Retail

116,664 SF
Availability

1 Space

3,052 SF
Year Built

1987
For Lease Contact for pricing
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Custer Drive Office Building

3138 Custer Drive, Carriage, Lexington, KY
Property

Office

14,850 SF
Year Built

1990
For Sale

$1,739,000
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Regency Circle Business Suites - FOR LEASE

257 Regency Cir, Deerfield, Lexington, KY
Property

Office

9,226 SF
Availability

3 Spaces

2,100 SF
For Lease

$800.00/MO
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Frequently Asked Questions

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 Lexington commercial real estate market incorporates 4,630,544 square feet of office space across 117 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.
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 Lexington commercial real estate market includes 2,543,955 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 Lexington market, there is a total of 1,575,489 square feet of industrial property.

The listing inventory in Lexington incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Lexington is represented by Industrial space, which accounts for 1,015,435 square feet of available listings. Office space available in Lexington adds up to 1,000,564 square feet.

Meanwhile, most of the listings of commercial property for sale in Lexington are in the Office category.

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.

The average rent for commercial real estate space listed for lease in Lexington is $17.95 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 Lexington 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 $19.19 per square foot, industrial space in Lexington saw average rents of $11.29 per square foot.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. 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 Lexington, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Lexington is in the Downtown Lexington neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Downtown Lexington area.

Meanwhile, retail space opportunities are most abundant in the Woodhill Park submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Spindletop.

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.

Regardless of whether buying or 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!

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 $25 per square foot. In particular, the property type commanding the highest lease rates in Lexington was Office space.

Conversely, the highest sale price last year was $11,550,000 that is located at 3470 Blazer Pkwy.

The average size of a commercial property in Lexington 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 Lexington, the average size of an office property is 42,876 square feet.
Retail properties here incorporate an average of 47,111 square feet.
Industrial space in Lexington is in buildings that are, on average 68,500 square feet in size.

Lexington, KY Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Lexington currently add up to 3,416,603 square feet. The market offers 97 active office listing(s), which amount to 988,564 square feet and account for 53% of commercial spaces on the market. Local retail availability includes 378,143 square feet across 53 retail space(s). Industrial space for rent opportunities in Lexington amount to 1,058,483 square feet across a total of 21 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	97	988,564
Retail	53	378,143
Industrial	21	1,058,483
Other	11	991,413

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Lexington, KY. Currently, there is 932,412 square feet of commercial property for sale here , which includes 20 office building(s) for sale , 5 retail investment opportunity listing(s) , and 5 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	20	497,355
Retail	5	13,731
Industrial	5	111,035
Other	28	310,291

Lexington, KY Commercial Real Estate for Lease and Sale

What type of listing property are you looking for?

Frequently Asked Questions

What are the different types of commercial real estate?

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

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

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

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

Lexington, KY Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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