On average, listings lease 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 rose $13 per sqft per year. That's a 50% increase in rent.
Compared to the rest of the Nashville market, the 8th Ave South region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 1 listings have been posted online, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 5,400 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are close to 2 stories. Most buildings in this area 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 area. Commute by car is the most popular way to get to work amongst 8th Ave South occupants. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.