Downtown Chattanooga Sublease

Downtown Chattanooga

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
11,980
As of: March 12, 2017

Downtown Chattanooga Rates

The typical asking rate per listing is in the $20's per square foot per year. The Downtown Chattanooga submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 14% decrease in rent.

Downtown Chattanooga Listing Supply

In the last 90 days, 6 listings have been listed, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 33% of the available space in the Downtown Chattanooga 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 11,980 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are around 3 stories. Most buildings in this market were built in 1900 and are Class Class A.

Downtown Chattanooga Community

A large portion of this market is residential, but there's plenty of office_space. Waste services is the dominant industry in this area. Most of the occupants of Downtown Chattanooga 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.

Market Report

Trends and status of the commercial real estate market in Downtown Chattanooga.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown Chattanooga.
Research