The typical asking rate per listing is in the $20's per square foot per year. The Downtown Chattanooga submarket is going through a a rise in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 13% rise in rent.
In the last 90 days, 9 listings have come on the market, which means leases most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. 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 4,020 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are close to 3 stories. Most buildings in this market were built in 1900 and are Class Class A.
A large portion of this region is residential, but there's plenty of office_space. Waste services is the dominant industry in this region. Most of the residents of Downtown Chattanooga work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.