On average, listings lease in the $20's per square foot per year. The Downtown Knoxville region is going through a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 9% decrease in rent.
In the last 90 days, 21 listings have been posted online, which means listings might be going fast. You'll want to be prepared to make an offer immediately. About 38% of the available space in the Downtown Knoxville are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 6,340 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are close to 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 area. 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.