The typical asking rate per listing is in the $40's per square foot per year. The SoNo submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $9 per sqft per year. That's a 17% decline in rent.
Compared to the rest of the Metro Atlanta market, the SoNo submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 24 listings have come on the market, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 58% of the office spaces in the SoNo are subleases, so you might be able to snag a great spot on a short term. 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 24,960 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are around 14 stories. Most buildings in this area were built in 1974 and are Class B.
This area is fairly equally mixed residential and commercial. Arts, entertainment, and restaurants are the dominant industries in this region. Most of the folk of SoNo work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.