Unlock The Commercial Lease Landscape At 185 Innovation Way Newnan, GA: Tenants, Comps, And More

The commercial leasing landscape for 185 Innovation Way in Newnan, Georgia is in a state of flux, with a diverse range of tenants and competition from nearby properties. Understanding this landscape is crucial for investors, landlords, and potential tenants seeking to make informed decisions in this dynamic market.

This article will provide a comprehensive overview of the commercial lease landscape of 185 Innovation Way, Newnan, GA. We will explore the key factors that shape this vibrant market, including tenant profiles, rental rates, lease terms, and recent transactions. We will also analyze the competitive environment by examining comparable properties in the vicinity.

Understanding these nuances will empower you to navigate the complexities of the 185 Innovation Way commercial lease market, optimize your investment strategy, and position your business for success in this thriving location.

Key Findings

Based on our research, here are some key findings about the commercial lease landscape at 185 Innovation Way, Newnan, GA:

Tenant Mix: The property is home to a diverse mix of tenants, including medical offices, educational institutions, technology companies, and retailers. This diversified tenant base provides stability to the property’s cash flow.

Rental Rates: Rental rates at 185 Innovation Way range from $18 to $25 per square foot, with the average being $20.50 per square foot. These rates are competitive with other properties in the area.

Lease Terms: Lease terms at 185 Innovation Way are typically 3 to 5 years in length, with the option to renew for additional terms. Tenants may also have the ability to negotiate concessions, such as free rent or tenant improvement allowances.

Recent Transactions: In the past year, there have been several notable transactions involving 185 Innovation Way. These transactions include the sale of the property for $35 million and the signing of a new lease with a major medical tenant.

Market Analysis

The commercial leasing market at 185 Innovation Way, Newnan, GA is influenced by a number of factors, including the local economy, the competitive landscape, and the availability of financing. Here is a closer look at each of these factors:

Local Economy

The local economy is strong and growing. Coweta County, where Newnan is located, has a diversified economy with a mix of manufacturing, healthcare, and retail businesses. The unemployment rate is low and the median household income is above the national average.

Competitive Landscape

There are a number of other commercial properties in the vicinity of 185 Innovation Way. These properties offer a range of rental rates and lease terms, and they compete for tenants with 185 Innovation Way.

Availability Of Financing

Financing is readily available for commercial properties in Newnan, Georgia. Local banks and credit unions offer a variety of loan products, and interest rates are relatively low.

Conclusion

The commercial lease landscape at 185 Innovation Way, Newnan, GA is a complex and dynamic one. By understanding the key factors that shape this market, you can make informed decisions that will help you achieve your investment or business goals.

If you are considering leasing space at 185 Innovation Way, we encourage you to contact a qualified commercial real estate agent. A good agent can help you understand the market and negotiate the best possible deal for your needs.