Lexington, Kentucky: A Premier Destination for Commercial Real Estate

Introduction

Lexington, Kentucky, known as the "Horse Capital of the World," is an emerging hub for commercial real estate (CRE). With a population of approximately 320,000, it is the second-largest city in Kentucky and boasts a diverse economy with strong sectors in healthcare, education, and manufacturing. Its unique positioning in the Bluegrass region makes it an attractive locale for CRE investment, offering a blend of urban and rural opportunities.

Economic and Industry Overview

Lexington's economy is fueled by a mix of industries including biotechnology, equine, and manufacturing. The presence of the University of Kentucky and its associated research facilities drives demand for office and innovation space. Additionally, the city's robust manufacturing sector, which includes companies like Lexmark, creates a high demand for industrial properties.

Regional economic development is supported by organizations such as the Bluegrass Economic Advancement Movement (BEAM) and the Lexington-Fayette Urban County Government's Economic Development Office.

Strategic Location and Transportation Infrastructure

Lexington's strategic location provides excellent logistical advantages. It is intersected by major highways such as I-64 and I-75, facilitating efficient distribution channels. The Blue Grass Airport offers convenient air travel, while proximity to the Norfolk Southern Railway enhances freight capabilities.

For further details, visit the Kentucky Transportation Cabinet and the Lexington Area MPO.

Commercial Real Estate Inventory & Zoning

Lexington's CRE landscape is divided into several submarkets, including the Central Business District (CBD), industrial corridors along Georgetown Road, and innovation districts near the university. Key asset classes include industrial, office, and retail spaces, with burgeoning interest in medical facilities and multifamily developments.

The city's zoning information and development incentives can be explored through the Lexington Zoning Ordinance and the Lexington Parcel Viewer.

Major Employers and Institutions

Key employers in Lexington include the University of Kentucky, Lexmark International, and Toyota Motor Manufacturing. These institutions not only drive demand for commercial spaces but also foster a skilled workforce.

Explore more about Lexington's business landscape at the Lexington Chamber of Commerce.

Notable Commercial Developments & Projects

Significant projects like the City Center mixed-use development and the Distillery District highlight Lexington's growth trajectory. These developments integrate retail, office, and residential spaces, boosting the area's CRE appeal.

For detailed planning documents, visit the Lexington Planning Department.

Building Permits, Planning, and Development Tools

• Building and Safety Department
• Permitting Portal
• Parcel Map Viewer / GIS
• Planning Commission
• Development Code

Market Data & Economic Reports

Access public data sets from Census.gov and Lexington's Open Data Portal. Brevitas leverages AI-powered aggregation from these sources to provide insights into Lexington's CRE market.

Explore our Brevitas Lexington CRE Dashboard for detailed analytics.

Why Use Brevitas for Lexington, Kentucky CRE?

Brevitas offers unparalleled tools for CRE professionals in Lexington:

• AI-driven CRE Discovery: Find properties with precision.
• Real-time Market Alerts: Stay ahead with instant updates.
• Smart Property Pages: Enhance listings with AI-generated content.
• Dealroom Collaboration: Streamline transactions with integrated tools.

Our platform also features auto-generated listing pages, email and landing page tools, and exclusive listings for premium exposure. Connect with brokers and developers seamlessly on Brevitas.

For more information, visit our Brevitas Lexington Page.