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Lexington, Kentucky

Metropolitan Area Economic Overview
Calculations for all indices were provided by SRC, LLC

Market Research provided by NAI Isaac Commercial Properties, Inc.
Last Updated: 23-Oct-2009		 Market Overview
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Market Research

* Click on each category for a detailed definition.
Low High Effective Avg. Vacancy Investment Yield
Downtown Office
New Construction (AAA) N/A N/A N/A N/A N/A
Class A (Prime) $ 17.00 $ 20.00 $ 18.50 10.5% N/A
Class B (Secondary) $ 13.50 $ 16.00 $ 15.00 8.6% N/A
 
Suburban Office
New Construction (AAA) $ 18.00 $ 22.00 $ 19.00 40.0% N/A
Class A (Prime) $ 17.00 $ 20.00 $ 18.00 16.3% N/A
Class B (Secondary) $ 16.00 $ 17.00 $ 16.00 11.8% N/A
 
Industrial
Bulk Warehouse $ 3.00 $ 4.50 $ 4.00 14.8% N/A
Manufacturing $ 3.75 $ 4.75 $ 4.25 7.5% N/A
High Tech / R&D $ 8.00 $ 15.00 $ 11.50 9.4% N/A
 
Retail
Downtown $ 10.00 $ 20.00 $ 15.00 25.4% N/A
Neigborhood Service Centers $ 11.00 $ 21.00 $ 17.00 11.7% N/A
Community Power Center $ 15.00 $ 28.00 $ 21.00 9.4% N/A
Regional Malls $ 30.00 $ 75.00 $ 50.00 .0% N/A

Development Land Low (Price/Acre) High (Price/Acre)
Office in CBD $ 40 $ 60
Land in Office Parks $ 425,000 $ 850,000
Land in Industrial Parks $ 125,000 $ 140,000
Office/Industrial Land - Non-park $ 125,000 $ 500,000
Retail/Commercial Land $ 575,000 $ 1,200,000
Residential $ 40,000 $ 135,000

 

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