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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: 25-Oct-2010		 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 N/A 18.1% N/A
Class B (Secondary) $ 13.50 $ 16.00 N/A 11.3% N/A
 
Suburban Office
New Construction (AAA) N/A N/A N/A N/A N/A
Class A (Prime) $ 16.00 $ 19.00 N/A 16.1% N/A
Class B (Secondary) $ 14.00 $ 16.00 N/A 17.9% N/A
 
Industrial
Bulk Warehouse $ 2.50 $ 4.50 N/A 15.7% N/A
Manufacturing $ 3.75 $ 5.00 N/A 19.4% N/A
High Tech / R&D $ 7.00 $ 15.00 N/A 5.6% N/A
 
Retail
Downtown $ 10.00 $ 19.00 N/A 24.3% N/A
Neigborhood Service Centers $ 10.00 $ 20.00 N/A 11.8% N/A
Community Power Center $ 15.00 $ 26.00 N/A 8.3% N/A
Regional Malls $ 30.00 $ 65.00 N/A .0% N/A

Development Land Low () High ()
Office in CBD $ 1,000,000 $ 2,000,000
Land in Office Parks $ 300,000 $ 500,000
Land in Industrial Parks $ 90,000 $ 150,000
Office/Industrial Land - Non-park $ 120,000 $ 500,000
Retail/Commercial Land $ 450,000 $ 900,000
Residential $ 25,000 $ 280,000

 

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