The typical asking rate per listing is in the $30's per square foot per year. The 8th Ave South submarket is going through a an increase in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 15% rise in rent.
Compared to the rest of the Nashville market, the 8th Ave South region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 5 listings have come on the market, which means office spaces might be 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 2,410 sqft. Most buildings in this area are approximately 2 stories. Most buildings in this market were built in 1898 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this region. Commute by car is the most popular way to get to work amongst 8th Ave South folk. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.