On average, listings lease in the $20's per square foot per year. The Underwood Hills submarket is going through a a rise in rates. In the last 3 months, the median rate went up $28 per sqft per year.
Compared to the rest of the Metro Atlanta market, the Underwood Hills submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 21 listings have come on the market, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. About 5% of the available leases in the Underwood Hills are subleases, so you will probably have to focus your search on direct office leases. 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 19,500 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are around 2 floors. Most buildings in this region were built in 2007 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Underwood Hills occupants. Commuting between 20 and 25 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 Underwood Hills.
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