Most listings are in the $30's per square foot per year. The Lenox submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $39 per sqft per year.
Compared to the rest of the Metro Atlanta market, the Lenox submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 19 listings have been posted online, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 42% of the office spaces in the Lenox are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 3,220 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are approximately 13 floors. Most buildings in this market were built in 1984 and are Class A.
Public administration is the dominant industry in this region. 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.