On average, listings lease in the $30's per square foot per year. The Lenox submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 5% decrease in rent.
Compared to the rest of the Metro Atlanta market, the Lenox 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, 19 listings have been posted online, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 63% of the office spaces 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 3,200 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are close to 13 stories. Most buildings in this region were built in 1984 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.