On average, listings lease in the $30's per square foot per year. The Lenox region is going through a a boost in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 4% rise in rent.
Compared to the rest of the Metro Atlanta market, the Lenox region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 3 listings have been posted online, which means listings might be going fast. You'll want to be prepared to make an offer immediately. About 33% of the available space in the Lenox 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 available, so finding a space for a small business might be tough.
Even though the median size is 85,300 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are approximately 13 stories. Most buildings in this market were built in 1981 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 occupants. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.