On average, listings lease in the $30's per square foot per year. The 8th Ave South region is going through a decrease in rates. In the last 3 months, the median rate fell $9 per sqft per year. That's a 23% decrease in rent.
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, 5 listings have been listed, which means spaces most likley are 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,410 sqft. Most buildings in this region are close to 2 floors. Most buildings in this area were built in 1898 and are Class B.
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 approximately an hour and a half a day is the norm for those who opt to reside in this part of town.