The typical asking rate per listing is in the $20's per square foot per year. The Downtown Nashville submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $10 per sqft per year. That's a 31% decline in rent.
Compared to the rest of the Nashville market, the Downtown Nashville region has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 16 listings have been made available, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 2,510 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are close to 6 floors. Most buildings in this market were built in 1969 and are Class B.
This market is fairly equally mixed residential and commercial. Wholesale trade is the dominant industry in this area. Most of the residents of Downtown Nashville work from home. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.