Several real estate sources confirm that a Chicago-based company called Industrious has contracted to lease a space in Nashville, Tennessee considered to be the newest and most expensive office space in that southern city.
Industrious plans on transforming the space into suites available for lease to a variety of companies from start-ups to national high-tech firms.
The 18,000 square foot space in Gulch Crossing is located in Nashville’s first new office building built within the past six years. The time gap since the last building has created a market for high-end, record-breaking prices; rent for this place ringing up at a juicy $37 and more per square foot.
Gulch Crossing has already attained 86 percent occupied with the addition of Industrious. Already in the building in Deloitte, who rented there just ahead of Industrious.
It is expected that Gulch Crossing will house between 600-800 workers; giving the area a strong business feel during the day, standing out as Nashville’s most visible example of its newly born urban renewal. The building also houses 2,000 apartments and condos, upscale retailers and restaurants.