On average, listings lease in the $30's per square foot per year. The Green Hills submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $10 per sqft per year. That's a 23% decrease in rent.
Compared to the rest of the Nashville market, the Green Hills submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 3 listings have come on the market, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. About 33% of the available space in the Green Hills are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,530 sqft. Most buildings in this market are approximately 5 stories. Most buildings in this market were built in 1985 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Most of the residents of Green Hills work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.