The typical asking rate per listing is in the $30's per square foot per year. The Downtown Nashville submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 4% rise in rent.
Compared to the rest of the Nashville market, the Downtown Nashville region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 289 listings have been listed, so you'll want to check back regularly for new listings. About 11% of the available space in the Downtown Nashville are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 18,890 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are approximately 6 floors. Most buildings in this area were built in 1972 and are Class A.
Wholesale trade is the dominant industry in this region. Most of the folk of Downtown Nashville work from home. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Downtown Nashville.
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