The typical asking rate per listing is in the $30's per square foot per year. The Downtown Nashville submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 8% rise in rent.
Compared to the rest of the Nashville market, the Downtown Nashville region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 20 listings have come on the market, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. 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 3,500 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are approximately 6 stories. Most buildings in this region were built in 1968 and are Class B.
This region is fairly equally mixed residential and commercial. Wholesale trade is the dominant industry in this region. Most of the occupants of Downtown Nashville work from home. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.