On average, listings lease in the $30's per square foot per year. The Centennial Hill submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $33 per sqft per year.
Compared to the rest of the Metro Atlanta market, the Centennial Hill submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 10 listings have come on the market, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 70% of the office spaces in the Centennial Hill are subleases, so you might be able to find a shorter term or below market rent. 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 8,340 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are around 60 floors. Most buildings in this region were built in 2007 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Finance and insurance are the dominant industries in this market. Commute by walking is the most popular way to get to work amongst Centennial Hill residents. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.