Downtown Chattanooga Office Space

Downtown Chattanooga

Office Space Market Report

Number of Listings (last 90 days)
7
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
5,300
As of: February 28, 2017

Downtown Chattanooga Rates

On average, listings lease in the $20's per square foot per year. The Downtown Chattanooga submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 14% decline in rent.

Downtown Chattanooga Listing Supply

In the last 90 days, 7 listings have been posted online, which means office spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 29% of the available leases in the Downtown Chattanooga 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 posted, so finding a space for a small business might be tough.

Even though the median size is 5,300 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are approximately 3 stories. Most buildings in this area were built in 1900 and are Class Class A.

Downtown Chattanooga Community

A large portion of this region is residential, but there's plenty of office_space. Waste services is the dominant industry in this market. Most of the folk of Downtown Chattanooga 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.

Market Report

Trends and status of the commercial real estate market in Downtown Chattanooga.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown Chattanooga.
Research