The typical asking rate per listing is in the $40's per square foot per year. The SoNo region is experiencing a decrease in rates. In the last 3 months, the median rate fell $9 per sqft per year. That's a 17% decline in rent.
Compared to the rest of the Metro Atlanta market, the SoNo region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 24 listings have come on the market, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 58% of the office spaces in the SoNo 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 24,960 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are close to 14 floors. Most buildings in this market were built in 1974 and are Class B.
This market is fairly equally mixed residential and commercial. Arts, entertainment, and restaurants are the dominant industries in this region. 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.