Robert Lancaster, Ph.D.
Robert W. Lancaster, Ph.D. and Senior Managing Director of our Lexington office is a retired Associate Professor of Political Science and an active Certified General Real Estate Appraiser in the Commonwealth of Kentucky. He specializes in appraising complex property and has over 30 years of experience. His primary research interests at the university centered on sustainability theory.
He has published and lectured internationally on sustainability and is currently blending his research to reflect the political power of sustainability and its impact on real estate and social equity. Dr. Lancaster is a Candidate for the MAI designation and recently co-authored “Getting from Here to There: Power, Politics, and Urban Sustainability in North America”.
Cell Phone: (859) 221-7802
Find out more by viewing his LinkedIn profile.
Lexington, Kentucky | Regional Overview
Louisville forms the southeastern point of a geographic region in Kentucky area colloquially referred to as “The Golden Triangle“. The Golden Triangle is an area of concentrated affluence in the region formed by the cities of Cincinnati, Lexington, and Louisville. Louisville is the one of the most highly educated cities in the nation (ranking 10th) with nearly 40% of residents having at least a bachelor’s degree. It is also the second most densely populated area in the State of Kentucky as depicted in the map below, published by the U.S. Census bureau.
Lexington, Kentucky | Trends and Tools
For trends having the greatest impact on commercial real estate in Lexington, Kentucky, see the charts below. For specific sites, type an address or type a latitude/longitude combination using the Reverse Geocode function after clicking this link. Compare multiple sites by clicking here.
Lexington, Kentucky | Residential Supply and Demand
From 2003 through 2012, permits were issued for 18,145 housing units in Fayette County during which time the change in the number of households was 15,048. Thus, supply has been increasing relative to demand and, all other things being equal, should result in downward pressure on home prices in the county.
Video of Lexington
To learn more about Lexington, check out this video.