In the latest edition of our monthly news brief, JLL’s regional team curates the top commercial real estate industry articles impacting the Louisville market to keep you in-the-know.
Keep up with Spaces’ monthly recaps—subscribe today.
Growth from “Big 3” Employers Drive Industrial Development in Louisville
Thanks to continued growth from the region’s three main employers—UPS, GE and Ford Motor Co.—the region is poised to attract more industrial development, including e-commerce fulfillment centers, pharmaceutical distribution operators and more. With strong confidence in the market, owners are empowered to consider portfolio expansion. A few of the most recent expansions come from Exeter and GLP, which both announced acquisitions in the third quarter of this year.
Though total industrial vacancy hovers near 10.7%, rental rates should stabilize as space is absorbed by the demand of tenants in the market.
More Louisville Headlines
- A $6.5 million seven-building office development is nearly five months ahead of schedule in Lyndon. Because of each building’s proximity to the interstate and modern finishes, prospective tenants have begun to secure space early.
- The Department of Veterans Affairs announced plans for a $925 million hospital near downtown Louisville. While delivery date has yet to be finalized, the hospital will include 104 beds and will be developed on a 35-acre site.