Most listings are in the $40's per square foot per year. The 8th Ave South submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $49 per sqft per year.
Compared to the rest of the Nashville market, the 8th Ave South submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 2 listings have been posted online, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 150% of the listings in the 8th Ave South are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 600 sqft. Most properties in this region are around 3 stories. Most buildings in this area were built in 1968 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Commute by car is the most popular way to get to work amongst 8th Ave South residents. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.