Most listings are in the $30's per square foot per year. The Downtown Nashville submarket is going through a a boost in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 6% rise in rent.
Compared to the rest of the Nashville market, the Downtown Nashville submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 16 listings have come on the market, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 231% of the office spaces in the Downtown Nashville are subleases, so you might be able to find a shorter term or below market rent. 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 5,950 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are approximately 6 stories. Most buildings in this market were built in 1972 and are Class A.
This area is fairly equally mixed residential and commercial. Wholesale trade is the dominant industry in this region. Most of the residents 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.