Downtown Chattanooga Office Space

Downtown Chattanooga

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
6,650
As of: August 17, 2017

Downtown Chattanooga Rates

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.

Downtown Chattanooga Listing Supply

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.

Downtown Chattanooga Community

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.

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