On average, listings lease in the $10's per square foot per year. The North Chattanooga - Hill City - UTC submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 20% decline in rent.
In the last 90 days, 1 listings have been listed, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 3,240 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are around 2 floors. Most buildings in this area were built in 1920 and are Class Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst North Chattanooga - Hill City - UTC folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.