On average, listings lease in the $30's per square foot per year. The Downtown Nashville submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 6% decrease in rent.
Compared to the rest of the Nashville market, the Downtown Nashville submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 30 listings have been made available, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 3% of the available leases in the Downtown Nashville are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 7,900 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are close to 6 stories. Most buildings in this area 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 region. Most of the folk of Downtown Nashville work from home. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.