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 higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 54 listings have been listed, so you'll want to check back regularly for new listings. About 28% of the available space in the SoBro 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 6,130 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are close to 4 floors. Most buildings in this area were built in 1962 and are Class A.
This market is fairly equally mixed residential and commercial. Public administration is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst SoBro folk. Commuting approximately 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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