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.
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A Swell in Investment Activity Reinforces Confidence in the Louisville Market
Investment sales increased in the second quarter as more companies sought to relocate their headquarters within the Louisville business community. Multi-million dollar expansions by manufacturers, such as GreiffPackaging, Arroweye Solutions and Bluegrass Supply Chain Services LLC, have contributed to the high velocity of investment and stimulated job availability within the city.
Passport Health recently announced its relocation to the vacated 15.5-acre lot in West Louisville. The investment will help to expand the city’s healthcare system and likely have a positive impact the region, which has previously struggled to attract private investment.
Investment activity in both the suburban submarkets and the city’s CBD is expected to remain active as businesses continue to focus on the Northeast submarkets. In addition, newly vacated space in PNC Tower is expected to encourage future investments in the CBD.
More Louisville Headlines
- Louisville is experiencing a spike in economic activity, as developers have invested over $11 billion in infrastructure and projects. Strategic growth has been the key to success, as the city has seen growth in housing, retail, office space and restaurants downtown and in surrounding neighborhoods.
- A new retail and community service facility recently broke ground off of Cane Run Road. The $71 million project will include affordable housing, retail space, a community service facility and a community park to the area.