JLL’s Annual Report Shows Opportunities Arise in Louisville’s Skyline

LOUISVILLE, Sept. 6, 2018 – Like in previous years, Louisville’s annual Skyline Review examines the dynamics of the Downtown Louisville office market and address the top trends impacting both tenants and investors. This report [VB1] also identifies the pricing and availability of space in Downtown Louisville’s largest multi- tenant office buildings.

This report shows that the uncertainty around 500 W. Jefferson continues to cast a shadow over downtown Louisville as current tenants of the building are stepping up efforts to reevaluate their options. Further more, 500 W. Jefferson has the highest vacancy rate at over 44.5 percent. Remove this building from the Skyline and the overall CBD vacancy rate decreases by more than 3 percent.

Currently, large blocks of downtown space remain unfilled following corporate consolidations by Humana and PNC in 2017.

As for amenities, the availability of in-building amenities continues to be a differentiator for companies looking around downtown. Several buildings, including 400 W. Market, have undergone substantial updating. Tenants’ space preferences are tending toward blocks located on higher floors, which traditionally have slightly higher rents, but provide better views for employees.

For more information, please visit www.us.jll.com/en/locations/midwest