On average, listings lease in the $50's per square foot per year. The SoNo submarket is going through a an increase in rates. In the last 3 months, the median rate increased $21 per sqft per year. That's a 73% rise in rent.
Compared to the rest of the Metro Atlanta market, the SoNo region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 24 listings have been posted online, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. 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 22,860 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are approximately 14 stories. Most buildings in this area were built in 1974 and are Class A.
This region is fairly equally mixed residential and commercial. Arts, entertainment, and restaurants are the dominant industries in this region. Most of the folk 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.