The typical asking rate per listing is in the $30's per square foot per year. The SoBro submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $11 per sqft per year. That's a 23% decrease in rent.
Compared to the rest of the Nashville market, the SoBro submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 11 listings have been listed, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. 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 2,400 sqft. Most buildings in this area are close to 8 stories. Most buildings in this region 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.