The typical asking rate per listing is in the $70's per square foot per year. The 8th Ave South submarket is going through a a boost in rates. In the last 3 months, the median rate went up $21 per sqft per year. That's a 43% increase in rent.
Compared to the rest of the Nashville market, the 8th Ave South submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 24 listings have been posted online, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 4% of the office spaces in the 8th Ave South are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 600 sqft. Most buildings in this market are around 3 floors. Most buildings in this market were built in 1968 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this region. Commute by car is the most popular way to get to work amongst 8th Ave South folk. Commuting approximately an hour and a half 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 8th Ave South.
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