Most listings are in the $30's per square foot per year. The Downtown Nashville submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 4% decrease in rent.
Compared to the rest of the Nashville market, the Downtown Nashville submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 21 listings have been posted online, which means listings might be going fast. You'll want to be prepared to make an offer immediately. About 5% of the listings in the Downtown Nashville are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 6,780 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are approximately 6 floors. Most buildings in this area 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 occupants of Downtown Nashville work from home. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.