The typical asking rate per listing is in the $70's per square foot per year. The SoBro submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $21 per sqft per year. That's a 43% rise in rent.
Compared to the rest of the Nashville market, the SoBro submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 6 listings have come on the market, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 33% of the office spaces in the SoBro are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 600 sqft. Most buildings in this market are approximately 4 stories. Most buildings in this market were built in 1962 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Public administration is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst SoBro folk. Commuting around an hour a day is the norm for those who opt to reside in this part of town.