SoBro Sublease

SoBro

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$50
Median Size (sqft)
2,080
As of: July 22, 2017

SoBro Rates

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.

SoBro Listing Supply

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.

SoBro Community

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.

Market Report

Trends and status of the commercial real estate market in SoBro.
Market Report

Market Data

Real time and historical data on commercial real estate listings in SoBro.
Research