SoBro Office Space

SoBro

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$44
Median Size (sqft)
5,150
As of: May 18, 2017

SoBro Rates

Most listings are in the $40's per square foot per year. The SoBro region is experiencing a decrease in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 8% decline in rent.

Compared to the rest of the Nashville market, the SoBro submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.

SoBro Listing Supply

In the last 90 days, 6 listings have been listed, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 17% of the office spaces in the SoBro are subleases, so you might be able to snag a great spot on a short term. 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 5,150 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are close to 5 floors. Most buildings in this market were built in 1960 and are Class A.

SoBro Community

A large portion of this market is residential, but there's plenty of office_space. Public administration is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst SoBro occupants. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in SoBro.
Market Report

Market Data

Real time and historical data on commercial real estate listings in SoBro.
Research