Most listings are in the $40's per square foot per year. The SoBro submarket is going through a decline in rates. In the last 3 months, the median rate decreased $28 per sqft per year. That's a 40% decrease in rent.
Compared to the rest of the Nashville market, the SoBro region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 54 listings have come on the market, so you'll want to check back regularly for new listings. About 24% of the available space in the SoBro are subleases, so you might be able to find a shorter term or below market rent. 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 10,690 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are approximately 4 stories. Most buildings in this market were built in 1962 and are Class A.
This area is fairly equally mixed residential and commercial. Public administration is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst SoBro occupants. Commuting around an hour 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 SoBro.
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