The typical asking rate per listing is in the $30's per square foot per year. The Perimeter Center region is seeing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 7% decrease in rent.
Compared to the rest of the Metro Atlanta market, the Perimeter Center submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 40 listings have been made available, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 18% of the office spaces in the Perimeter Center 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 4,230 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are approximately 11 floors. Most buildings in this area were built in 1986 and are Class A.
Finance and insurance are the dominant industries in this market. Commute by car is the most popular way to get to work amongst Perimeter Center folk. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.