Most listings are in the $30's per square foot per year. The SoNo submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 11% decline in rent.
Compared to the rest of the Metro Atlanta market, the SoNo submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 8 listings have been listed, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 11,300 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are close to 14 floors. Most buildings in this area were built in 1974 and are Class A.
This area is fairly equally mixed residential and commercial. Arts, entertainment, and restaurants are the dominant industries in this area. Most of the occupants 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.