The typical asking rate per listing is in the $30's per square foot per year. The Downtown Chattanooga submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 6% decline in rent.
In the last 90 days, 279 listings have been made available, so you'll want to check back regularly for new listings. About 2% of the available leases in the Downtown Chattanooga are subleases, so you will probably have to consider a longer term lease. 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 4,270 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are approximately 3 stories. Most buildings in this area were built in 1902 and are Class Class A.
A large portion of this region is residential, but there's plenty of office_space. Waste services is the dominant industry in this market. Most of the residents of Downtown Chattanooga work from home. Commuting between 30 and 45 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 Downtown Chattanooga.
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