The typical asking rate per listing is in the $10's per square foot per year. The North Chattanooga - Hill City - UTC submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 30% decline in rent.
In the last 90 days, 4 listings have been listed, which means new availabilities most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. 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 51,000 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are around 2 floors. Most buildings in this market were built in 1930 and are Class Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst North Chattanooga - Hill City - UTC residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.