Most listings are in the $20's per square foot per year. The 8th Ave South submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 7% decrease in rent.
Compared to the rest of the Nashville market, the 8th Ave South submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 3 listings have come on the market, which means office spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,410 sqft. Most buildings in this area are around 2 stories. Most buildings in this region were built in 1898 and are Class B.
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 region. Commute by car is the most popular way to get to work amongst 8th Ave South residents. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.