Nashville, the cosmopolitan, musical capital of Tennessee, is home to nearly 700,000 residents. Centrally located within the state, Nashville offers convenient access to several interstates and the Nashville International Airport.
The number of colleges and universities within the city has earned Nashville the nickname “Athens of the South.” Nashville also serves as a hub for national businesses due to its active support for local businesses and business-friendly practices, such as being part of a right-to-work state.
However, it’s the city’s role as the home of the country music industry during the past century for which Nashville has been most famous. Tourists flock to Nashville, TN, from around the world to experience its lively atmosphere and its country music scene. Specifically, the Grand Ole Opry, Opry Land, the Bluebird Café, Ryman Auditorium, and other country music landmarks exert a powerful attraction.
The confluence of educational, cultural, and business interests in Nashville gives the city the ability to support a wide range of businesses—from boutiques, restaurants, and recording studios to large corporate offices, health care facilities, and manufacturing centers. The inventory of office space in Nashville for lease reflects this diversity and offers considerable bargains due to the COVID-19 pandemic.
Office Space: Lease Data and Trends
Economic signs point to a recovery for Nashville, along with the national recovery from COVID-19. While vacancy rates have been increasing, Cushman & Wakefield predict those rates will decrease in the coming year. In line with national trends, they predict an increase in employment, which will reverse the trend from 2020.
The most prominent new construction site in Nashville is Amazon’s million-square-foot Operations Center for Excellence. According to the company, the project provides jobs for 5,000 Nashvillians and represents an investment of $230 million in the city.
Other development projects are currently underway, including SomeraRoad’s renovation of the Vorhees Building and Downtown Antique Mall, along with new construction on the 2.6-acre site. These projects suggest confidence in the continued demand for office space for rent in Nashville, TN—a dynamic and resilient city that will continue to develop in the years to come.
What Our Brokers Say about Nashville Office Space
Nashville is a prime location for attracting up-and-coming talent in country music or the music production industry, as well as at Vanderbilt University and its medical center, both among the city’s largest employers. Nashville supports a variety of retail, health care, and telecommunications companies, providing stable sources of jobs and opportunities for economic growth as the economy recovers.
Nashville has taken concrete action to protect landlords and tenants from housing insecurity during the pandemic through the landlord risk mitigation fund. The mayor also extends grants and tax incentives to businesses that create jobs in Nashville. These programs promote a business- and community-friendly climate that is likely to help Nashville rebound.
Top Commercial Buildings in Nashville
520 Royal Parkway, 520 250 Suite, is a spacious, 11,000-sq.-ft. facility that is perfect for any large business operation. Located across Interstate 40 from Nashville’s airport, this property offers convenient access to hotels and shopping.
3600 Trousdale Drive, 1st Floor, contains 46,000 sq. ft. of space for large businesses or those that are scaling up operations. This property is located close to railway lines and Interstate 65 and is just minutes from downtown Nashville.
424 Church Street, Suite 2000, is right in the heart of downtown Nashville in a stately office building less than half a mile from the Ryman Auditorium—the former site of the Grand Ole Opry—and the Country Music Hall of Fame and Museum.
Get to Know Nashville
Downtown Nashville tends to be pricey, but it can be worth it to be part of this vibrant Nashville scene. Other neighborhoods in Nashville also have distinct character. From the swanky boutiques and upscale restaurants of the Gulch to the artsy, creative scene in Berry Hill, each neighborhood has its distinct style.
Belle Meade, to the southwest of downtown, has spacious luxury homes and some of the highest property values in the state. It’s also home to the Belle Meade Links Golf Course. Adjacent to Belle Meade is the suburb of Green Hills, the location of the famous Bluebird Café.
Why Rent Office Space in Nashville?
One compelling reason to rent executive office space in Nashville is to establish a brand identity that resonates with over a century of cultural tradition. Furthermore, affluent suburbs surround Nashville’s culturally vibrant center, providing economic stability and a tax base for incentives to businesses as well as grants for development and cultural projects.
In the nearly 100 years since the Grand Ole Opry first hit the radio airwaves, Nashville has come to embrace and enshrine its place as a center for country music. As long as country music remains popular among a wide swath of the American people, Nashville will have a unique and profitable economic and marketing position. A presence in Nashville can help to align your brand with an enduring vein of American culture.
Aside from country music, Nashville continues to be hospitable to a business community that shows resilience despite the pandemic. Within this community, we can help you research Nashville’s abundant small office spaces for rent to find the right place where you can thrive among other small business owners.
Nearby Neighborhoods in Which to Set Up Office Space
If you are looking for small-town charm and small office space for rent, Nashville, TN, borders several small towns that are worth researching.
Goodlettsville: A small community with a growing population, Goodlettsville is home to Tyson Foods, a prominent employer in town. Also, the town attracts tourists and fans of the old TV show Hee Haw since many actors from the show made their homes in Goodlettsville.
Hendersonville: A city of over 50,000 people, Hendersonville is located on the shores of Old Hickory Lake, which attracts visitors who love the outdoors.
Murfreesboro: Murfreesboro stands out as the site of the Civil War’s Battle of Stone’s River. Visitors can stop by the battlefield for talks and interpretive living history programs. Murfreesboro is also home to Middle Tennessee State University, one of the fastest-growing universities in the state, which increases the talent pool for business owners who rent office space here.
Nashville is a one-of-a-kind city. To truly tap into its potential, you need a real estate company that knows its history and can find you the right private or shared office space in Nashville. Let our team at SquareFoot give your business a place on the storied streets of this unique city. Give us a ring at (917) 909-2953 or email us at email@example.com.