Most listings are in the $20's per square foot per year. The Downtown Knoxville submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 9% decrease in rent.
In the last 90 days, 21 listings have been posted online, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 57% of the office spaces in the Downtown Knoxville 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 4,830 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are around 6 stories. Most buildings in this area were built in 1920 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Wholesale trade is the dominant industry in this area. Most of the folk 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.