The typical asking rate per listing is in the $20's per square foot per year. The SoBro submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $11 per sqft per year. That's a 30% decrease in rent.
Compared to the rest of the Nashville market, the SoBro submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 6 listings have come on the market, which means leases are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 2,400 sqft. Most properties in this area are approximately 5 stories. Most buildings in this market were built in 1960 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Public administration is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst SoBro occupants. Commuting around an hour a day is the norm for those who opt to reside in this part of town.