On average, listings lease in the $50's per square foot per year. The SoNo submarket is going through a an increase in rates. In the last 3 months, the median rate went up $21 per sqft per year. That's a 73% increase in rent.
Compared to the rest of the Metro Atlanta market, the SoNo region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 24 listings have come on the market, which means spaces might be 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 posted, so finding a space for a small business might be tough.
Even though the median size is 22,860 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are close to 14 stories. Most buildings in this market were built in 1974 and are Class A.
This area is fairly equally mixed residential and commercial. Arts, entertainment, and restaurants are the dominant industries in this area. Most of the occupants of SoNo work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.