SoBro Retail

SoBro

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$44
Median Size (sqft)
5,150
As of: May 25, 2017

SoBro Rates

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.

SoBro Listing Supply

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.

SoBro Community

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.

Market Report

Trends and status of the commercial real estate market in SoBro.
Market Report

Market Data

Real time and historical data on commercial real estate listings in SoBro.
Research