The typical asking rate per listing is in the $30's per square foot per year. The Green Hills submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $11 per sqft per year. That's a 38% increase in rent.
Compared to the rest of the Nashville market, the Green Hills region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 4 listings have come on the market, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About 225% of the listings 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 2,510 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are around 3 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 area. 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.