The typical asking rate per listing is in the $20's per square foot per year. The Downtown Chattanooga submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $9 per sqft per year. That's a 26% decrease in rent.
In the last 90 days, 6 listings have come on the market, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 17% 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 6,650 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are around 3 floors. Most buildings in this area were built in 1900 and are Class Class A.
A large portion of this market is residential, but there's plenty of office_space. Waste services is the dominant industry in this area. 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.