The typical asking rate per listing is in the $30's per square foot per year. The SoBro submarket is going through a decrease in rates. In the last 3 months, the median rate fell $11 per sqft per year. That's a 23% decline in rent.
Compared to the rest of the Nashville market, the SoBro submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 11 listings have been listed, which means new listings might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,400 sqft. Most buildings in this region are close to 8 stories. Most buildings in this area were built in 1960 and are Class B.
A large portion of this region is residential, but there's plenty of office_space. Public administration is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst SoBro folk. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.