The typical asking rate per listing is in the $50's per square foot per year. The SoBro region is experiencing a a rise in rates. In the last 3 months, the median rate increased $7 per sqft per year. That's a 15% increase in rent.
Compared to the rest of the Nashville market, the SoBro region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 6 listings have come on the market, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 83% of the office spaces in the SoBro 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,080 sqft. Most buildings in this market are close to 4 stories. Most buildings in this area were built in 1962 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Public administration is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst SoBro residents. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.