The typical asking rate per listing is in the $20's per square foot per year. The Downtown Knoxville submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 9% rise in rent.
In the last 90 days, 21 listings have been made available, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. 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 3,050 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are close to 7 stories. Most buildings in this area were built in 1917 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Wholesale trade is the dominant industry in this market. Most of the occupants of Downtown Knoxville work from home. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.