Chattanooga, Tennessee, is an ideal location for businesses seeking to establish or expand their operations, particularly those in the industrial sector. With its strategic location as a transit hub, rich history, and natural beauty, Chattanooga offers a unique blend of advantages that make it an attractive destination for companies. The city's infrastructure, including the Electric Power Board (EPB) and the Tennessee Valley Authority (TVA), provides reliable and efficient services, while its transportation network, comprising interstates, highways, and bridges, facilitates easy access to markets and resources. Additionally, Chattanooga is home to several major corporations, including BlueCross BlueShield of Tennessee, CBL & Associates, and U.S. Xpress Inc., which contribute to the city's economic strength. The city's vibrant downtown area, featuring attractions like the Tennessee Aquarium and the Walnut Street Bridge, also makes it an attractive location for businesses and individuals alike.
Chattanooga's industrial space market offers a range of options for businesses, with 25 listings available for lease. The average annual rent per square foot is $8 USD, with sizes ranging from 672 square feet to 715,000 square feet. In addition to industrial space, Chattanooga also offers a range of other property types, including flex space, commercial real estate, land, and restaurants. The city's flex space market is characterized by its adaptability and versatility, while its commercial real estate market offers a range of options for businesses seeking office or retail space. The land market in Chattanooga is also active, with opportunities for development and investment. Meanwhile, the city's restaurant scene is thriving, with a range of options for dining and entertainment. Overall, Chattanooga's diverse property market and strong economy make it an attractive location for businesses and individuals alike.
What is the average size of industrial space for lease in the Chattanooga market?
The average size of industrial space for lease in the Chattanooga market is approximately 71,235 square feet, with a total of 25 available listings, ranging from smaller spaces to larger facilities of up to 715,000 square feet, offering a variety of options for businesses and industries operating in the area.
What do I need to look for when leasing an industrial space in Chattanooga?
When leasing an industrial space in Chattanooga, there are several key factors to consider to ensure you find the right space for your business needs, including:
- Location: Look for spaces with easy access to major transportation routes, such as I-75 and I-24, and proximity to amenities like the Chattanooga Metropolitan Airport and the Tennessee Riverwalk.
- Space size and layout: With an average size of 71,235 square feet and a maximum space size of 715,000 square feet, consider the specific needs of your business, including warehouse space, office areas, and loading docks.
- Rent and amenities: With an average annual rent of $8 USD per square foot, consider the overall cost of the lease, as well as amenities like utilities, parking, and security features.
With 25 available listings of industrial space in Chattanooga, it's essential to carefully evaluate these factors to find the perfect space for your business.
