The typical asking rate per listing is in the $30's per square foot per year. The Lenox region is seeing 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 submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 19 listings have come on the market, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 11% 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,510 sqft. Most properties in this region are around 13 stories. Most buildings in this area 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 residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.