Downtown Knoxville Sublease

Downtown Knoxville

Office Space Market Report

Number of Listings (last 90 days)
21
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
6,340
As of: August 19, 2017

Downtown Knoxville Rates

The typical asking rate per listing is in the $20's per square foot per year. The Downtown Knoxville submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 9% decline in rent.

Downtown Knoxville Listing Supply

In the last 90 days, 21 listings have been posted online, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 38% of the available leases in the Downtown Knoxville 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 posted, so finding a space for a small business might be tough.

Even though the median size is 6,340 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are approximately 6 stories. Most buildings in this area were built in 1920 and are Class A.

Downtown Knoxville Community

A large portion of this area is residential, but there's plenty of office_space. Wholesale trade is the dominant industry in this market. Most of the residents of Downtown Knoxville work from home. Commuting between 20 and 25 minutes 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 Downtown Knoxville.
Market Report

Market Data

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