On average, listings lease in the $30's per square foot per year. The Downtown Chattanooga region is seeing a a boost in rates. In the last 3 months, the median rate increased $13 per sqft per year. That's a 61% rise in rent.
In the last 90 days, 6 listings have been posted online, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 20,000 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are around 3 stories. Most buildings in this area were built in 1900 and are Class Class A.
A large portion of this region is residential, but there's plenty of office_space. Waste services is the dominant industry in this market. Most of the occupants of Downtown Chattanooga 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.