On average, listings lease in the $20's per square foot per year. The Royal submarket is going through a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 9% decrease in rent.
Compared to the rest of the Metro Atlanta market, the Royal region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 84 listings have been listed, so you'll want to check back regularly for new listings. About 6% of the available leases in the Royal are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 5,440 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are approximately 3 stories. Most buildings in this area were built in 1998 and are Class A.
Professional services is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Royal folk. Commuting approximately 20 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 Royal.
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