Lexington, KY Commercial Real Estate for Lease and Sale

Explore 211 listings of Lexington commercial real estate to find the best space for your business.

3094 Harrodsburg Road

3094 Harrodsburg Road, Indian Hills - Pera Place, Lexington, KY
Property

Office

8,848 SF
Availability

1 Space

2,015 SF
Year Built

2020
For Lease

$25.00/SF/YR
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1030 Monarch St #310

1030 Monarch St, Beaumont, Lexington, KY
Property

Office

839 SF
For Sale

$155,215
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1795 Alysheba Way

1795 Alysheba Way, Hamburg, Lexington, KY
Property

Office

982 SF
For Sale

$159,990
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250 E Short St

250 E Short St, Downtown Lexington, Lexington, KY
Property

Other

8,102 SF
Availability

1 Space

8,102 SF
For Lease

$18.00/SF/YR
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What type of listing property are you looking for?

Office Coworking Retail Industrial

Office Retail Industrial Land
1717 Eastland Ct

1717 Eastland Ct, Eastland Parkway, Lexington, KY
Property

VacantLand

0.56 Acre
For Sale

$476,000
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330 Newtown Pike

330 Newtown Pike, North Upper, Lexington, KY
Property

Retail

10,600 SF
Availability

1 Space

10,600 SF
Year Built

2023
For Lease

$19,433.00/MO
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254-262 North Upper St.

254-262 North Upper St., Gratz Park, Lexington, KY
Property

VacantLand
For Sale

$450,000
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1099 S. Broadway

1099 S Broadway, Golview Estates, Lexington, KY
Property

Office

3,818 SF
Availability

1 Space

180 SF
For Lease

$400.00/MO
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1030 Monarch St #110

1030 Monarch St, Beaumont, Lexington, KY
Property

Office

2,141 SF
For Sale

$339,000
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1951 N Broadway

1951 N Broadway, Radcliffe - Malboro, Lexington, KY
Property

VacantLand

0.71 Acre
Availability

1 Space

0.71 Acre
For Lease

$3,500.00/MO
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3061 Fieldstone Way

3061 Fieldstone Way, Beaumont, Lexington, KY
Property

Retail

24,420 SF
Availability

2 Spaces

3,248 SF
For Lease

$25.00/SF/YR
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1005 U.S. 60

1005 U.S. 60, Eastland Parkway, Lexington, KY
Property

Retail

2,471 SF
Availability

1 Space

2,160 SF
For Lease

$3,500.00/MO
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185 Pasadena Dr

185 Pasadena Dr, Deerfield, Lexington, KY
Property

Office

48,384 SF
Availability

1 Space

2,697 SF
Year Built

2003
For Lease

$16.00/SF/YR
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424 Lewis Hargett Cir

424 Lewis Hargett Cir, Wellington, Lexington, KY
Property

Office

35,000 SF
For Sale

$5,495,000
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264 E Vine St

264 E Vine St, Downtown Lexington, Lexington, KY
Property

Industrial

4,400 SF
For Sale

$625,000
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470 E New Circle Rd

470 E New Circle Rd, Meadows - Loudon, Lexington, KY
Property

Retail

10,685 SF
Availability

1 Space

1,200 SF
For Lease

$15.00/SF/YR
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1575 Winchester Road

1575 Winchester Road, Eastland Parkway, Lexington, KY
Property

Office

47,228 SF
Year Built

1984
For Sale

$7,750,000
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2550 Regency Rd

2550 Regency Rd, Deerfield, Lexington, KY
Property

Retail

14,734 SF
Availability

1 Space

14,400 SF
For Lease

$14.00/SF/YR
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726 E Main St

726 E Main St, Aylesford Place, Lexington, KY
Property

Retail

5,445 SF
For Sale

$1,200,000
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Forbes Business Center Storage/Warehouse

255 S Forbes Rd, Cardinal Valley, Lexington, KY
Property

Industrial

30,922 SF
Availability

2 Spaces

896 SF
For Lease

$600.00 - $700.00/MO
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381 Legion Drive

381 Legion Drive, North Elizabeth, Lexington, KY
Property

VacantLand
For Sale

$385,000
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2201 Regency Rd

2201 Regency Rd, Deerfield, Lexington, KY
Property

Office

7,700 SF
For Sale

$962,500
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726 E Main St

726 E Main St, Aylesford Place, Lexington, KY
Property

Retail

5,807 SF
Availability

1 Space

5,807 SF
For Lease

$19.95/SF/YR
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2312 Alexandria Dr

2312 Alexandria Dr, Garden Springs, Lexington, KY
Property

Office

15,560 SF
For Sale

$1,925,000
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Woodhill Center

2350 Woodhill Drive, Woodhill Park, Lexington, KY
Property

Retail

50,000 SF
Availability

5 Spaces

8,044 SF
Year Built

1973
For Lease

$4.00 - $12.00/SF/YR
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196 Turner Commons Way

196 Turner Commons Way, Meadowthorpe, Lexington, KY
Property

Industrial

6,166 SF
Availability

1 Space

6,166 SF
For Lease

$6.25/SF/YR
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1040 Eastland Dr

1040 Eastland Dr, Meadows - Loudon, Lexington, KY
Property

Industrial

31,000 SF
Availability

1 Space

31,000 SF
For Lease

$7.00/SF/YR
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1068 Aspiration Dr

1068 Aspiration Dr, Castleton Lyons - Winchester Farm, Lexington, KY
Property

VacantLand

21.68 Acre
For Sale

$4,325,000
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1709 Eastland Ct

1709 Eastland Ct, Eastland Parkway, Lexington, KY
Property

VacantLand

2.79 Acre
For Sale Contact for pricing
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710 East Main Street

710 East Main Street, Aylesford Place, Lexington, KY
Property

Office

3,214 SF
Availability

5 Spaces

3,214 SF
For Lease

$22.00 - $57.00/SF/YR
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The Strader Plaza

1128 Winchester Rd, Liberty, Lexington, KY
Property

Retail

11,860 SF
Availability

1 Space

2,200 SF
Year Built

1999
For Lease

$14.00/SF/YR
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182 Turner Commons Way

182 Turner Commons Way, Meadowthorpe, Lexington, KY
Property

Industrial

38,200 SF
Availability

1 Space

38,200 SF
For Lease

$5.75/SF/YR
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128 Dennis Dr.

128 Dennis Dr., Deerfield, Lexington, KY
Property

Office

4,200 SF
For Sale

$599,900
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2409 Greatstone Point

2409 Greatstone Point, Garden Springs, Lexington, KY
Property

Office

18,000 SF
For Sale

$2,215,000
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705 W Third St

705 W 3rd St, Georgetown, Lexington, KY
Property

Industrial

675 SF
Availability Contact for availability

For Lease Contact for pricing
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5536-5540 Athens Boonesboro Road

5536-5540 Athens Boonesboro Road, Boone Creek, Lexington, KY
Property

VacantLand

1.38 Acre
For Sale

$785,000
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Mist Lake Plaza

3180-3168 Richmond Rd, Andover Estates, Lexington, KY
Property

Retail

275,425 SF
Availability

1 Space

1,600 SF
Year Built

1993
For Lease

$22.00/SF/YR
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176 Turner Commons Way

176 Turner Commons Way, Meadowthorpe, Lexington, KY
Property

Industrial

12,745 SF
Availability

1 Space

12,745 SF
For Lease

$5.75/SF/YR
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Malabu Heights Plaza

2358 Nicholasville Rd, Zandale, Lexington, KY
Property

Retail

35,088 SF
Availability

1 Space

1,756 SF
For Lease

$22.50/SF/YR
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Zandale Center

2220 Nicholasville Rd, Zandale, Lexington, KY
Property

Retail

77,087 SF
Availability

1 Space

2,500 SF
For Lease

$4,167.00/MO
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1870 Old Higbee Mill Rd

1870 Old Higbee Mill Rd, Wyndham, Lexington, KY
Property

VacantLand

0.44 Acre
For Sale

$200,000
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Legacy Business Park - Land

Georgetown Rd., Spindletop, Lexington, KY
Property

Unassigned
Year Built

1900
For Sale Contact for pricing
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2300 Fortune Dr Lexington

2300 Fortune Dr Lexington, Liberty, Lexington, KY
Property

Office

33,000 SF
Availability

1 Space

33,000 SF
For Lease Contact for pricing
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1218 S Broadway #210, #410, #450, #475, #510, & #550

1218 S Broadway, North Elizabeth, Lexington, KY
Property

Office

20,001 SF
For Sale

$1,350,000
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535 S Upper St

535 S Upper St, Historic South Hill, Lexington, KY
Property

Retail

110,220 SF
Availability

1 Space

982 SF
Year Built

2007
For Lease

$2,500.00/MO
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1509 Bull Lea Road

1509 Bull Lea Rd, Spindletop, Lexington, KY
Property

Office

15,000 SF
Availability

2 Spaces

11,250 SF
For Lease

$17.50 - $19.00/SF/YR
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112 Westhampton Dr

112 Westhampton Dr, Masterson Station Park, Lexington, KY
Property

Industrial

10,387 SF
Availability

1 Space

10,175 SF
Year Built

2001
For Lease

$13.50/SF/YR
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1218 South Broadway #250 & 275

1218 South Broadway, North Elizabeth, Lexington, KY
Property

Office

5,537 SF
Year Built

1966
For Sale

$332,220
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630 Euclid Ave

630 Euclid Ave, Columbia Heights, Lexington, KY
Property

Retail

9,600 SF
Availability

1 Space

1,440 SF
For Lease

$26.00/SF/YR
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2350 Woodhill Drive

2350 Woodhill Dr, Woodhill Park, Lexington, KY
Property

VacantLand

0.5 Acre
Availability

1 Space

0.5 Acre
For Lease

$2,500.00/MO
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2355 Huguenard Dr Lexington

2355 Huguenard Dr Lexington, Deerfield, Lexington, KY
Property

Office

6,840 SF
Availability

3 Spaces

3,640 SF
For Lease

$15.00/SF/YR
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325 Oliver Lewis Way

325 Oliver Lewis Way, South End Park, Lexington, KY
Property

VacantLand

4.8 Acre
Availability

2 Spaces

4.85 Acre
For Lease

$75,000.00 - $85,000.00/Acre/YR
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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 4,419,120 square feet of office space across 110 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 2,523,027 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 1,740,944 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 1,257,118 square feet of available listings. Office space available in Lexington adds up to 938,875 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 $17.28 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 $12.65 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 Meadows - Loudon.

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 $23 per square foot. In particular, the property type commanding the highest lease rates in Lexington was Retail 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 43,325 square feet.
Retail properties here incorporate an average of 53,682 square feet.
Industrial space in Lexington is in buildings that are, on average 72,540 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 3,489,362 square feet. The market offers 85 active office listing(s), which amount to 952,375 square feet and account for 51% of commercial spaces on the market. Local retail availability includes 299,984 square feet across 46 retail space(s). Industrial space for rent opportunities in Lexington amount to 1,228,393 square feet across a total of 23 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	85	952,375
Retail	46	299,984
Industrial	23	1,228,393
Other	10	1,008,610

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 664,119 square feet of commercial property for sale here , which includes 24 office building(s) for sale , 2 retail investment opportunity listing(s) , and 2 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	24	522,764
Retail	2	12,462
Industrial	2	35,400
Other	20	93,493

Lexington, KY Commercial Real Estate for Lease and Sale

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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