On average, listings lease in the $50's per square foot per year. The SoNo region is seeing a a rise in rates. In the last 3 months, the median rate rose $50 per sqft per year.
Compared to the rest of the Metro Atlanta market, the SoNo region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 24 listings have been listed, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About 46% of the listings 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 posted, so finding a space for a small business might be tough.
Even though the median size is 19,320 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are approximately 14 stories. Most buildings in this area were built in 1974 and are Class B.
This region 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.