Most listings are in the $30's per square foot per year. The Lenox submarket is seeing 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 region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 20 listings have been made available, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 10% of the listings 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.
The standard measurement for office space in this area is around 1,510 sqft. Most properties in this region are close to 13 stories. Most buildings in this market were built in 1984 and are Class A.
Public administration is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Lenox occupants. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.