Louisville Market Commercial Real Estate News Brief: May 2017

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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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Louisville Brewing Industry Has a Bright Outlook with New Addition of the Bourbon District

Downtown Louisville recently launched its new Bourbon District on Main Street just across from the Kentucky Center for the Performing Arts. The site is meant as a tribute to the city’s historic ties to the bourbon industry.

Main Street, in particular, was once a popular hub for the bourbon industry thanks to its close proximity to the Ohio River. Now that the industry is making waves once again, developers of the site aimed to create a resurgence of these historic times by including destination signs, banners and historic site signs.

Louisville Mayor Greg Fischer also mentioned the city’s success with the industry, referencing the three distilleries planned in the coming years in addition to the four already existing.

Louisville has been making headlines for its prominence in the bourbon industry, as well as beer brewing. Against the Grain Brewery & Smokehouse opened a $1.7 million brewery in 2015 and now differentiates itself with original artwork and innovative beer names. A number of breweries are expected to open later this year.

More Louisville Headlines

  • Louisville is recognized as one of the cities that provide the largest economic boost to the state of Kentucky. The industrial sector, which has been a key driver for the city, now has vacancies of just 10.2% with increased rental rates.
  • Tech company Care Innovations recently announced that it will be moving its research operations into downtown Louisville. The company will nearly triple its space in the Brown & Williamson Tower.