The typical asking rate per listing is in the $20's per square foot per year. The Downtown Knoxville region is seeing a a boost in rates. In the last 3 months, the median rate rose $22 per sqft per year.
In the last 90 days, 21 listings have been made available, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 62% of the office spaces in the Downtown Knoxville are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 3,050 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are close to 7 stories. Most buildings in this region were built in 1920 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Wholesale trade is the dominant industry in this region. Most of the occupants of Downtown Knoxville work from home. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.