Most listings are in the $30's per square foot per year. The Lenox submarket is going through a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 6% decline in rent.
Compared to the rest of the Metro Atlanta market, the Lenox region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 19 listings have been posted online, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About 37% of the available space in the Lenox 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 2,990 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are close to 13 stories. Most buildings in this region were built in 1984 and are Class A.
Public administration is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Lenox residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.