The typical asking rate per listing is in the $40's per square foot per year. The Lenox submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $8 per sqft per year. That's a 24% rise in rent.
Compared to the rest of the Metro Atlanta market, the Lenox submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 11 listings have been listed, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. 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 10,930 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are approximately 13 stories. Most buildings in this area were built in 1981 and are Class A.
Public administration is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Lenox 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.