The typical asking rate per listing is in the $20's per square foot per year. The Downtown Knoxville region is experiencing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decline in rent.
In the last 90 days, 21 listings have been posted online, which means new availabilities most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 71% of the available leases in the Downtown Knoxville 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,050 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are approximately 6 stories. Most buildings in this area were built in 1920 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Wholesale trade is the dominant industry in this region. Most of the occupants of Downtown Knoxville work from home. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.