Louisville Office Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from Cushman & Wakefield, JLL, CBRE
Quarterly office market indicators for Louisville, aggregated by CREhunt from Cushman & Wakefield, JLL, CBRE. As of Q2 2026, average asking rent was $19.03/SF/yr and vacancy was 17.9%, per Cushman & Wakefield.
Projected current office pricing — Louisville
Modeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for Louisville office yet, so this applies the typical cap rate across comparable office markets — treat it as a rough, indicative range that sharpens as sourced cap rates arrive. Projected asking rent × occupancy × net-operating-income margin band ÷ a benchmark cap rate, from Q2 2026 Cushman & Wakefield asking-rent data (benchmark cap rate 6.5%–8.6%, asking rent held flat). Assumes ~82% occupancy and a 50–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 Cushman & Wakefield | $19.03/SF/yr | 17.9% | 137K SF | — | Cushman & Wakefield |
| Q1 2026 JLL | $19.28/SF/yr | 21.1% | 6K SF | — | JLL |
| Q1 2026 CBRE | $19.28/SF/yr | 22.8% | 230K SF | — | CBRE |
| Q4 2024 Cushman & Wakefield | $18.00/SF/yr | 15.7% | — | — | Cushman & Wakefield |
Office asking rents by submarket
The newest asking rent a named brokerage's report published for each Louisville office submarket, with its publisher and quarter. Submarkets whose newest figure cannot be attributed, or falls outside a plausible range, are left out.
| Submarket | Asking rent | Source |
|---|---|---|
| CBD | $18.01/SF/yr Cushman & Wakefield · Q4 2024 | Cushman & Wakefield, Q4 2024 |
| Central Business District | $17.85/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Central Louisville | $18.52/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| East County | $21.90/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Hurstbourne / Eastpoint | $22.02/SF/yr Cushman & Wakefield · Q4 2024 | Cushman & Wakefield, Q4 2024 |
| Hurstbourne / Eastpointl | $21.56/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Hurstbourne Parkway/Shelbyville Road | $20.45/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Interstate 71/ Brownsboro Road | $23.91/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Northeast | $22.15/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Old Louisville | $14.00/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Plainview / Middletown | $17.81/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| South | $19.10/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| South Central | $17.88/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Southeast | $19.99/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| St. Matthews | $17.73/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| SUBURBAN | $19.90/SF/yr Cushman & Wakefield · Q4 2024 | Cushman & Wakefield, Q4 2024 |
How the brokerage sources compare
For Q1 2026, the brokerages CREhunt aggregates for Louisville office did not fully agree. On vacancy, the sources span 1.7 points — from 21.1% (JLL) to 22.8% (CBRE). CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.
| Source | Vacancy | Asking rent | Cap rate |
|---|---|---|---|
| CBRE | 22.8% | $19.28/SF/yr | — |
| JLL | 21.1% | $19.28/SF/yr | — |
Per-brokerage figures for Q1 2026, aggregated from published brokerage market reports.
Frequently asked questions
- What is the average asking rent for office space in Louisville?
- As of Q2 2026, the average asking rent for office space in Louisville was $19.03/SF/yr, per Cushman & Wakefield.
- What is the office vacancy rate in Louisville?
- The office vacancy rate in Louisville was 17.9% as of Q2 2026 (Cushman & Wakefield).
- Where does CREhunt's Louisville market data come from?
- This report aggregates quarterly office market data for Louisville from Cushman & Wakefield, JLL, CBRE.
- How much do brokerage estimates differ for office space in Louisville?
- For Q1 2026, the brokerage sources CREhunt aggregates for Louisville did not fully agree. On vacancy, the sources span 1.7 points — from 21.1% (JLL) to 22.8% (CBRE). CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.