The typical asking rate per listing is in the $10's per square foot per year. The Westpark submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $16 per sqft per year.
Compared to the rest of the Metro Atlanta market, the Westpark submarket has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 6 listings have been made available, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. About 33% of the available leases in the Westpark are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 5,800 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are around 2 floors. Most buildings in this area were built in 1991 and are Class B.
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 area. Most of the folk of Westpark work from home. Commuting approximately an hour and a half 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 Westpark.
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