Most listings are in the $30's per square foot per year. The Lenox region is seeing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 2% decline in rent.
Compared to the rest of the Metro Atlanta market, the Lenox region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 19 listings have been made available, which means spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 26% 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 2,990 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are around 13 floors. Most buildings in this market 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.