Metro Center, Nashville Office Space for Rent
Metro Center is a Nashville neighborhood with a 50-year history. Located along the bend of the Cumberland River and a mere 13 blocks from Downtown Nashville, Metro Center became the city’s first mixed-use business community in 1971. The neighborhood consists primarily of young professionals because it gives residents and business owners an urban feel without being deep in the city.
During the late 1980s, many big businesses took up residence in Metro Center, including IBM and Piedmont Natural Gas. Today, the demand for office space for lease in Metro Center, Nashville, TN, is on the rise, making it an essential contributor to the city of Nashville.
If you’re seeking Nashville, TN, Metro Center office space for lease, SquareFoot can help. We provide free services to tenants, so contact us today for assistance searching for available commercial spaces for rent.
Nashville, TN, Metro Center Office Space – Lease Data & Trends
Nashville continues to improve its economy after the beginning of the COVID-19 pandemic in 2020. In the second quarter of 2021, the city’s unemployment rate was 4.3%. It has the highest job growth rate in the country, filling 93% of the jobs lost during the pandemic.
Office space for lease in Nashville during Q2 2021 saw nearly one million square feet of rental transactions, with a year-to-date total of 1.6 million square feet. The demand for office space for lease in Metro Center, Nashville, TN, and neighboring regions shows a drastic improvement from the previous year’s activity.
The primary reason for the spike in commercial space demand is Amazon. The retail giant has plans to acquire a second lease in the Nashville Yards consisting of more than 588,000 square feet. Healthcare company Wellpath is number two for Q2 2021 transactions with 72,000 square feet in the Airport South Submarket.
Within the first half of 2021, Class A office buildings were in high demand. The second quarter continued to see a Class A vacancy rate of 16.3%. In Metro Center, Class B buildings have the highest square foot availability at 72.14% or 1,302,700 square feet.
What Our Brokers Say About Metro Center Office Space
Metro Center, Nashville, TN, office space is prominent primarily due to a failed retail destination concept from the 1980s. A developer created the Fountain Square area with about 120,000 square feet of retail space, including restaurants, a club, and a large movie theater. However, the concept failed, and Fountain Square closed in 1990, causing many buildings to become office spaces.
Back in 2004, the state of Tennessee invested in Metro Center, bringing many businesses into the area. For instance, the neighborhood became the first location of the 65,000 square-foot Tennessee Education Lottery Corporation, the 220,000-square-foot TennCare building, and the 240,000 square-foot Department of Labor Building.
The state occupies about one million square feet of office space, but many other companies and startups are also present in Nashville-Metro Center. Finance and technical services and many health-management services like Cigna/HealthSpring continue to add jobs for professionals in Metro Center.
Top Commercial Buildings in Metro Center
545 Mainstream Drive: The Riverview Office Building occupies a prime location for anyone looking for Nashville, TN, office space. Just three miles away from the capitol and courthouses and with easy access to Nashville Central Business District, Mainstream Drive’s accessibility can’t be beaten. The building also has an onsite food market.
431 Great Circle Road: Built in 1998, this single-story building continues to offer an abundance of space suitable for warehouse use. The Class A building sits on 19.29 acres, and Suite 1 is 5,000-square-feet. Parking is no issue; the property contains 290 parking spaces on its lot.
211 Athens Way: Business owners looking for office spaces for rent in Metro Center should consider this two-story Class B building. Constructed in 2007, 211 Athens Way consists of 35,685-square-feet of office space with flexible lease terms.
2200 Rosa L Parks Blvd: This two-story office building in Metro Center is ideal for retail businesses. It rests on a signalized intersection, making it accessible to employees and clients coming from various locations.
Get to Know Nashville’s Metro Center
Metro Center is one of Nashville’s bustling communities. It has become a go-to destination for young professionals who want the amenities of city living while remaining on the outskirts of a downtown metropolitan area.
Though the area has few dining options, it does have plenty of hotels, businesses, and office spaces.
Why Rent Office Space in Nashville’s Metro Center?
Metro Center has a lot to offer people who rent office spaces in the community. It’s a beautiful community with access to many popular Nashville attractions, such as the Grand Ole Opry and Bridgestone Arena. On your days off, you can easily arrange tours to explore the history and beauty of Nashville or take a day trip to the famous Jack Daniel’s Distillery.
Nearby Neighborhoods to Set Up Office Space
Acquiring office space in Nashville’s Metro Center would benefit you, but it’s always a good idea to consider nearby areas to ensure that you find the best office space to rent. Consider these neighborhoods around Metro Center during your office space search.
Downtown Nashville: This region is not only the go-to destination for Nashville’s music scene, but Downtown Nashville is also the heart of the city’s business center. The area constantly embraces new construction developments, including creative office spaces at lower costs than surrounding neighborhoods.
West End: Running alongside Vanderbilt University, West End Nashville is home to Centennial Park, the largest park in Nashville. The neighborhood is also home to many creative office space options, including high-end buildings and converted spaces.
Music Row: Music Row is an area that runs south of Downtown Nashville and boasts the highest number of recording studios and publishing companies in the city. There are more housing developments in the works than office space, but Music Row commercial real estate remains in high demand.
If you’re interested in learning more about office space for lease in Metro Center, Nashville, TN, SquareFoot is here to help. Don’t hesitate to contact our team. We will gladly help you discover office space listings to find the best option for your business.