The typical asking rate per listing is in the $30's per square foot per year. The SoNo region is seeing a decrease in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 11% decrease in rent.
Compared to the rest of the Metro Atlanta market, the SoNo region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 8 listings have come on the market, which means new availabilities are probably leasing quickly. 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 11,300 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are around 14 stories. Most buildings in this region 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 region. Most of the folk 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.