On average, listings lease in the $30's per square foot per year. The Centennial Hill region is going through a a boost in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 14% rise in rent.
Compared to the rest of the Metro Atlanta market, the Centennial Hill region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 10 listings have come on the market, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. About 20% of the available space 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 available, so finding a space for a small business might be tough.
Even though the median size is 13,920 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are around 27 stories. Most buildings in this region were built in 2007 and are Class A.
This region is fairly equally mixed residential and commercial. Finance and insurance are the dominant industries in this area. Commute by walking is the most popular way to get to work amongst Centennial Hill occupants. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.