On average, listings lease in the $20's per square foot per year. The Bellmont-Hillsboro submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $15 per sqft per year. That's a 36% decline in rent.
Compared to the rest of the Nashville market, the Bellmont-Hillsboro region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 2 listings have been listed, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,810 sqft. Most buildings in this region are around 4 stories. Most buildings in this area were built in 1982 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Most of the residents of Bellmont-Hillsboro work from home. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.