On average, listings lease in the $30's per square foot per year. The Lenox submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 5% decrease in rent.
Compared to the rest of the Metro Atlanta market, the Lenox submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 23 listings have been made available, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 9% of the available space in the Lenox 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,330 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are close to 13 stories. Most buildings in this area were built in 1984 and are Class A.
Public administration is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Lenox folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.