The typical asking rate per listing is in the $30's per square foot per year. The Cumberland submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 9% increase in rent.
Compared to the rest of the Metro Atlanta market, the Cumberland region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 44 listings have been posted online, so you'll want to check back regularly for new listings. About 2% of the listings in the Cumberland are subleases, so you will probably have to consider a longer term 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 4,030 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are approximately 15 floors. Most buildings in this market were built in 1986 and are Class A.
Arts, entertainment, and restaurants are the dominant industries in this region. Commute by car is the most popular way to get to work amongst Cumberland folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.