On average, listings lease in the $40's per square foot per year. The SoBro submarket is going through a an increase in rates. In the last 3 months, the median rate rose $7 per sqft per year. That's a 17% rise in rent.
Compared to the rest of the Nashville market, the SoBro submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 7 listings have been posted online, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 5,400 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are close to 8 stories. Most buildings in this market were built in 1947 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Public administration is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst SoBro occupants. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.