Louisville Industrial Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from Cushman & Wakefield, JLL
Quarterly industrial market indicators for Louisville, aggregated by CREhunt from Cushman & Wakefield, JLL. As of Q2 2026, average asking rent was $5.27/SF/yr and vacancy was 4.6%, per Cushman & Wakefield.
Projected current industrial pricing — Louisville
Modeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for Louisville industrial yet, so this applies the typical cap rate across comparable industrial markets — treat it as a rough, indicative range that sharpens as sourced cap rates arrive. Projected asking rent × occupancy × net-operating-income margin band ÷ a benchmark cap rate, from Q2 2026 Cushman & Wakefield asking-rent data (benchmark cap rate 5.5%–7.5%, asking rent held flat). Assumes ~95% occupancy and a 72–88% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 Cushman & Wakefield | $5.27/SF/yr | 4.6% | 1.0M SF | — | Cushman & Wakefield |
| Q1 2026 JLL | $6.42/SF/yr | 5.7% | 620K SF | — | JLL |
| Q1 2025 Cushman & Wakefield | $6.05/SF/yr | — | 122K SF | — | Cushman & Wakefield |
| Q4 2023 Cushman & Wakefield | $5.66/SF/yr | 3.9% | — | — | Cushman & Wakefield |
Industrial asking rents by submarket
The newest asking rent a named brokerage's report published for each Louisville industrial submarket, with its publisher and quarter. Submarkets whose newest figure cannot be attributed, or falls outside a plausible range, are left out.
| Submarket | Asking rent | Source |
|---|---|---|
| Airport | $7.53/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Central | $4.42/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Clark County | $7.07/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Downtown | $4.25/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| East | $13.00/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Fern Valley | $5.95/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Floyd County | $6.95/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| I-64 | $7.50/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| I-65 | $6.75/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Jeffersontown | $13.00/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Middletown / Eastpoint | $11.50/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Riverport | $8.00/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Shelby County | $11.60/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| South | $7.53/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Southern Indiana | $7.06/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| West / Southwest | $8.00/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Westend | $4.95/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Westport Road | $9.22/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
Frequently asked questions
- What is the average asking rent for industrial space in Louisville?
- As of Q2 2026, the average asking rent for industrial space in Louisville was $5.27/SF/yr, per Cushman & Wakefield.
- What is the industrial vacancy rate in Louisville?
- The industrial vacancy rate in Louisville was 4.6% as of Q2 2026 (Cushman & Wakefield).
- Where does CREhunt's Louisville market data come from?
- This report aggregates quarterly industrial market data for Louisville from Cushman & Wakefield, JLL.