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RYSE Creative Village

Off-Market

1261 Lockwood Drive, Atlanta, GA 30311

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  • Property Type Office - Creative Office
  • Property Size 41,000 SF
  • Lot Size 2.72 Acre
  • Property Tenancy Owner Occupied
  • Building Class B
  • Year Built 2022

Location

  • City Atlanta, GA
  • Neighborhood Venetian Hills
  • Zip Code 30311
  • Market Atlanta

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Atlanta

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Atlanta Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $30.67
  • 2020 Office Vacancy Rate 17.16%
  • 2020 Office Completions (SF) 1,727,776

Atlanta Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2020 Avg. Price per SF $209.65
  • Y-o-Y Avg. PpSF Change 1.39%
  • 2020 Office Sales Volume $508.1M
  • 2020 Number of Transactions 21
View more Atlanta market trends

Tax

  • Property Tax in 2021 $8,780
  • Market Value* $1,004,900
  • Assessed Value $1,004,900

Find more tax info, including assessment history and abatements, on CommercialEdge

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of RYSE Creative Village?

RYSE Creative Village totals 41,000 square feet.

When was this property built?

RYSE Creative Village was built in 2022.

What is the property tax for RYSE Creative Village?

The property tax for RYSE Creative Village in 2021 was $8,780.

What is the market value for RYSE Creative Village?

The market value* for RYSE Creative Village in 2021 was $1,004,900.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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