The typical asking rate per listing is in the $10's per square foot per year. The South Knoxville submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $16 per sqft per year.
In the last 90 days, 17 listings have come on the market, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 6% of the office spaces in the South Knoxville are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,100 sqft. Most buildings in this region are approximately 1 stories. Most buildings in this market were built in 1966 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst South Knoxville occupants. Commuting approximately 20 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 South Knoxville.
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