The typical asking rate per listing is in the $40's per square foot per year. The SoNo region is going through a decline in rates. In the last 3 months, the median rate fell $9 per sqft per year. That's a 17% decline in rent.
Compared to the rest of the Metro Atlanta market, the SoNo 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, 24 listings have been listed, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 67% of the office spaces in the SoNo are subleases, so you might be able to snag a great spot on a short term. 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 24,960 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are approximately 14 stories. Most buildings in this region were built in 1974 and are Class B.
This region is fairly equally mixed residential and commercial. Arts, entertainment, and restaurants are the dominant industries in this area. Most of the residents of SoNo work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.