On average, listings lease in the $20's per square foot per year. The Downtown Nashville region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $10 per sqft per year. That's a 31% decline in rent.
Compared to the rest of the Nashville market, the Downtown Nashville region has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 17 listings have been made available, which means new availabilities 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,760 sqft. Most properties in this market are around 6 stories. Most buildings in this region were built in 1969 and are Class B.
This region 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 around 30 minutes a day is the norm for those who opt to reside in this part of town.