On average, listings lease in the $30's per square foot per year. The Midtown submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 6% decrease in rent.
Compared to the rest of the Metro Atlanta market, the Midtown 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, 67 listings have been posted online, so you'll want to check back regularly for new listings. About 96% of the available leases in the Midtown 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 3,130 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are close to 12 stories. Most buildings in this region were built in 1974 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Health care is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Midtown residents. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.