The typical asking rate per listing is in the $20's per square foot per year. The Downtown Knoxville region is going through a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 6% decline in rent.
In the last 90 days, 5 listings have come on the market, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 3,610 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 7 stories. Most buildings in this area were built in 1905 and are Class Class B.
A large portion of this area is residential, but there's plenty of office_space. Wholesale trade is the dominant industry in this area. Most of the residents 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.