On average, listings lease in the $20's per square foot per year. The Farragut submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 15% decrease in rent.
In the last 90 days, 6 listings have come on the market, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 1,040 sqft. Most properties in this market are close to 1 stories. Most buildings in this area were built in 1984 and are Class A.