2023 Office Space Rent & Sales
- $26.45 2023 Avg. Asking Rent
- 1.55% Y-o-Y Avg. Asking Rent Change
- 19.43% 2023 Office Vacancy Rate
Alpharetta City office price per square foot in 2023 was $26.45 on average. This marked a +1.55% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 19.43% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Georgia Class A & A+ Office Space$34.44
- Georgia Class B Office Space$22.70
- Georgia Class C Office Space$31.34
Alpharetta City, GA Office Asking Rents by Class
2023 Office Vacancy Rates in Alpharetta City
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Alpharetta | $25.98 | 19.81% |
| Tucker | $23.64 | 9.11% |
| Forsyth County | $22.80 | 8.12% |
Office Spaces for Rent in Georgia
Coworking Spaces in Georgia
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2023 Office Construction in Alpharetta City, GA
| Office building | Address | SF | Completed |
|---|---|---|---|
| Preston Ridge Commons Phase II, | 3225 - 3285 North Point Pkwy, 30005 | 86,100 | 2023 |
| Halcyon - Building 1200 | 6365 Halcyon Way, 30005 | 104,855 | 2019 |
| 8000 Avalon | 8000 Avalon Blvd, 30009 | 224,000 | 2017 |
| Virtue Investment Group | 5755 North Point Pkwy, 30022 | 31,241 | 2017 |
| 11681 Haynes Bridge Rd | 11681 Haynes Bridge Rd, 30009 | 17,689 | 2015 |
| 12425 Morris Road | 12425 Morris Rd, 30005 | 11,220 | 2009 |
| Sanctuary Park - Oak View III | 1150 Sanctuary Pkwy, 30009 | 202,769 | 2008 |
| Preston Ridge Professional Campus - 3330 Preston Ridge Road | 3330 Preston Ridge Road, 30005 | 86,000 | 2008 |
| 3155 N Point Pkwy | 3155 N Point Pkwy, 30005 | 5,697 | 2008 |
| Sanctuary Park - Stonebridge I | 1110 Sanctuary Pkwy, 30009 | 146,821 | 2007 |
Worth noting among recent office completions on the Alpharetta City market is Preston Ridge Commons Phase II,, which is currently the largest new office development in the city, at 86,100 square feet.
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Alpharetta City commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.