BY THE NUMBERS
LOUISVILLE—The Louisville office market continues to post positive net absorption and the average asking lease rate increased $0.20 per square foot to $17.36 per square foot in the fourth quarter, according to CBRE's latest Office MarketView. Overall, 2016 total net absorption was 318,112 square feet, similar to the levels reached in the past three years. The vacancy rate for class A properties decreased 20 bps to 10.8% and the class B vacancy rate declined 120 bps to 15.5% during the quarter. “It's been another strong year for Louisville's office market and we expect this to continue into 2017,” says David Hardy, managing director.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
