Most listings are in the $30's per square foot per year. The Lenox submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 4% increase in rent.
Compared to the rest of the Metro Atlanta market, the Lenox submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 3 listings have been made available, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 33% of the available leases in the Lenox are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 3,090 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are close to 19 stories. Most buildings in this area were built in 1981 and are Class A.
Public administration is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Lenox folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.