Old Fourth Ward Office Space for Rent
Old Fourth Ward (O4W) is home to numerous historical buildings in this eastside neighborhood of Atlanta. It’s best known for its 35 acres of land dedicated to the Martin Luther King Jr. National Historical Park. Within this park sits the preserved childhood home of the civil rights leader and the Ebenezer Baptist Church, where Dr. King served as a pastor.
While this national historical park draws immense attention, programs like OuterSpace have brought the residents of Old Fourth Ward the talents of many street artists. Buildings and walls across multiple O4W neighborhoods, including Decatur St. and Edgewood Ave., have become outlets for unique street art like graffiti and murals.
With its popularity attributed to the new street flair, leasing an Atlanta Old Fourth Ward office rental space will bring your company a boom like never before.
Old Fourth Ward Office Space – Lease Data & Trends
In Old Fourth Ward, the Coronavirus continues to contribute to a 24.1% vacancy rate. However, the construction pipeline in Midtown, which consists of Old Fourth Ward, is at an all-time high. Projects like Star Metals and The Interlock, making up 230,000 and 201,000 square feet, respectively, have reached completion within the Q2 of 2021.
Newly constructed and renovated office buildings have caused Class A suites to rise to $41.67 per square foot. Other classes have increased to $31.84, making Midtown the most expensive submarket in the Atlanta area.
Despite increasing renting and leasing rates, tenants continue to reside in this area. In Q2 2021, one of Midtown’s key lease transactions consisted of a 66,971 square-foot office space in Ponce City Market that FanDuel leased. Another is a 41,329 square-foot space in Coda for Autodesk. Portman Holdings had sold 345,000 square feet to Blackstone at 740 W Peachtree Street Northwest for $248 million, becoming Midtown’s key sales transaction.
What Our Brokers Say About Old Fourth Ward Office Space
People come down to O4W for street art or to take a gander at some of the historical sites. However, others come down to this area to set up or expand their business.
Many notable companies that have branched out into Old Fourth Ward have taken up residence in the Ponce City Market. Some of the eminent Ponce City Market tenants include the parent companies of the email marketing platform MailChimp, HowStuffWorks, and Rocket Science Group. Other well-known residents, such as top chefs (awarded by the American chef James Beard), serve five-star meals in restaurants like Restaurant Eugene and Bacchanalia/Star Provisions.
Top Commercial Buildings in Atlanta’s Old Fourth Ward
621 North Avenue Northeast: A two-story Class B building totaling 81,153 square feet. Units include Class A, B, and C suites that range from 962 to 11,197 square feet. Renovated in 1999, this office building is a convenient half an hour drive away from the Hartsfield-Jackson Atlanta International Airport.
480 Edgewood Avenue Southeast, Building Suite: A 4,591 square feet suite with five parking spaces, built in 1965. This suite sits by many major retailers like Wells Fargo, Burger King, and Starbucks. There’s also a nearby bus line and freeway visible from the suite.
675 Ponce De Leon Avenue Northeast: Many Ponce City Market office spaces reside within this Class A nine-story building. Ponce City office space listings range from 4,000 to 90,741 square-foot suites. Ponce City Market office tenants include a commercial real estate industry, Industrious Atlanta Ponce City Market, and Twitter, Inc.
Get To Know The Old Fourth Ward
Are you looking to observe a piece of history? Ponce City Market opened its doors to the public in August of 2014 and was listed in the National Register of Historical Places just two years later.
The building covers 2.1 million square feet, making it one of the largest buildings found in America’s Southeast region. Within this space, retail stores are abundant like Sears and J. Crew. You can take advantage of their restaurants, office spaces, and apartments topped off with an amusement park located on the roof.
Why Rent Office Space in Atlanta’s Old Fourth Ward?
Renting an Atlanta Old Fourth Ward office space will provide your company with the buzz it needs. Atlanta is a rising city that has recently become one of the leading real estate trends in the United States. With an influx of new residents moving in and away from more costly metropolitan areas, it has become one of the most sought-after cities in the state.
Old Fourth Ward sits beside downtown Atlanta and fits snug between other high vehicle and foot traffic areas like Inman Park and the Beltline. Between the consistent crowd of people, the Class A offices available, and the accessible amenities, there’s no question as to why you should rent office space in O4W.
Nearby Neighborhoods To Set Up Office Space
Although you can’t go wrong with renting office space in Old Fourth Ward, take a look at what some of the surrounding areas have to offer.
Poncey-Highland: Like O4W, Poncey is known for its historical buildings like the Ford Motor Company Assembly Plant and the Western Electric Company. However, to businesses, it’s known for Class A suites ranging from 1,587 and 3,000 square feet.
Edgewood-Kirkwood: This area is known for its craftsman bungalow-style houses that contrast with the neighboring town’s Victorian architecture. These creative Class A office-type spaces range from 2,000 to 75,000 square feet each. Within a one-mile radius of these listings, you’ll also discover The Pullman Yards Development, two MARTA stations, and the Pullman Trail.
Grant Park: Not only is it the oldest district in Atlanta, but Grant Park is home to the fourth-largest park in the city. With the park, and Zoo Atlanta nestled within, attracting over a million visitors each year, it’s an excellent spot for an office.
Contact us for more information on office rental space in Old Fourth Ward or in surrounding Atlanta neighborhoods. At SquareFoot, we’re with you every step of the way in your search for office space.