On average, listings lease in the $30's per square foot per year. The Downtown Nashville submarket is going through a a rise in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 6% increase in rent.
Compared to the rest of the Nashville market, the Downtown Nashville submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 16 listings have been made available, which means office spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 244% of the available leases in the Downtown Nashville 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 6,010 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are around 6 floors. Most buildings in this area were built in 1972 and are Class A.
This area is fairly equally mixed residential and commercial. Wholesale trade is the dominant industry in this region. Most of the residents of Downtown Nashville work from home. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.