The typical asking rate per listing is in the $40's per square foot per year. The 8th Ave South submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $49 per sqft per year.
Compared to the rest of the Nashville market, the 8th Ave South submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 2 listings have come on the market, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 150% of the available space in the 8th Ave South 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 600 sqft. Most buildings in this market are close to 3 floors. Most buildings in this region were built in 1968 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Commute by car is the most popular way to get to work amongst 8th Ave South occupants. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.