Most listings are in the $20's per square foot per year. The Downtown Nashville submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $10 per sqft per year. That's a 31% decline in rent.
Compared to the rest of the Nashville market, the Downtown Nashville region has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 16 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 available, so finding a space for a small business might be tough.
Even though the median size is 2,510 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are close to 6 floors. Most buildings in this area were built in 1969 and are Class B.
This market is fairly equally mixed residential and commercial. Wholesale trade is the dominant industry in this market. Most of the residents of Downtown Nashville work from home. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.