Most listings are in the $30's per square foot per year. The Downtown Nashville submarket is seeing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 4% decrease in rent.
Compared to the rest of the Nashville market, the Downtown Nashville region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 23 listings have been made available, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 4% of the listings in the Downtown Nashville are subleases, so you will probably have to focus your search on direct office leases. 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 7,900 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are close to 6 floors. Most buildings in this market were built in 1969 and are Class B.
This area 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.