The typical asking rate per listing is in the $30's per square foot per year. The Downtown Nashville region is seeing a a boost in rates. In the last 3 months, the median rate increased $35 per sqft per year.
Compared to the rest of the Nashville market, the Downtown Nashville submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 16 listings have come on the market, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 244% of the available space in the Downtown Nashville 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 available, so finding a space for a small business might be tough.
Even though the median size is 6,010 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are around 6 floors. Most buildings in this area were built in 1969 and are Class B.
This region is fairly equally mixed residential and commercial. Wholesale trade is the dominant industry in this market. Most of the folk of Downtown Nashville work from home. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.