Most listings are in the $30's per square foot per year. The Old Fourth Ward region is experiencing a decline in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 15% decline in rent.
Compared to the rest of the Metro Atlanta market, the Old Fourth Ward submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 59 listings have been made available, so you'll want to check back regularly for new listings. About 7% of the available space in the Old Fourth Ward are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,500 sqft. Most buildings in this area are close to 3 stories. Most buildings in this area were built in 2008 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by bike is the most popular way to get to work amongst Old Fourth Ward folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Old Fourth Ward.
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