Somerset, KY, has shown encouraging trends in its commercial real estate landscape, particularly in office leasing. Recent reports indicate a steady decline in vacancy rates, down to approximately 10 percent, signaling a resurgence in demand. This uptick is fueled by the growing need for flexible work environments, leading to an increase in coworking spaces. These spaces are particularly attractive to small businesses seeking costeffective solutions and short term commitments.
Market health indicators, such as rising rental rates and improved tenant retention, suggest positive sentiment among local businesses. For small enterprises, the expansion of coworking facilities provides accessibility to modern amenities without the burden of longterm leases. Moreover, small businesses can benefit from networking opportunities within these shared environments. As Somerset evolves, small businesses should consider coworking options that align with their growth strategies while ensuring adaptability in an increasingly competitive market.
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Showing 1 - 20 of 198 buildings with 52 total listings
150 Makena Dr, Somerset, KY 42501
The city of Somerset on US Hwy 27, 73 miles south of Lexington, Kentucky and 129 miles north of Knoxville, Tennessee. Somerset is located at...
2 retail spaces from 10,000 to 60,000 square feet.
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50 Makena Drive, Somerset, KY 42501
Somerset is the seat of Pulaski County which has a population of nearly 65,000. It borders Lake Cumberland, a popular vacation destination that...
Listings
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140 Short St, Somerset, KY 42501
All lots have been Surveyed and Perk tested. Walking distance to 3 churches and Walking distance to a grocery store and not far from the Mall....
1 land
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1 office space 740,520 square feet.
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