The Louisville Office market had healthy activity in the first quarter of 2019.
- Marketwide net absorption was 132,527 sq. ft.
- CBD net absorption was 50,573 sq. ft. and Suburban net absorption was 81,954 sq. ft.
- The marketwide leasing activity was 303,276 sq. ft., up for the fifth straight quarter.
- Class A CBD average asking lease rate rose $0.17 per sq. ft. to $19.97 per sq. ft.
- Class A Suburban average asking lease rate decreased $0.42 per sq. ft. to $21.68 per sq. ft.