On average, listings lease in the $0's per square foot per year. The Downtown Knoxville submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $21 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 21 listings have been made available, which means new listings are probably 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.
The standard measurement for office space in this area is around sqft. Most properties in this area are approximately 7 stories. Most buildings in this region were built in 1917 and are Class A.
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.