On average, listings lease in the $40's per square foot per year. The SoBro submarket is seeing a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 8% decline in rent.
Compared to the rest of the Nashville market, the SoBro region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 6 listings have been made available, which means new availabilities most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 17% of the available leases in the SoBro are subleases, so you might be able to find a shorter term or below market rent. 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 5,150 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are approximately 5 stories. Most buildings in this market were built in 1960 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Public administration is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst SoBro folk. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.