2023 Office Space Rent & Sales
- $27.48 2023 Avg. Asking Rent
- -1.56% Y-o-Y Avg. Asking Rent Change
- 8.14% 2023 Office Vacancy Rate
Decatur City office price per square foot in 2023 was $27.48 on average. This marked a -1.56% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 8.14% 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
Decatur City, GA Office Asking Rents by Class
2023 Office Vacancy Rates in Decatur City
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Decatur | $27.48 | 9.44% |
| Tucker | $23.64 | 9.11% |
Office Spaces for Rent in Georgia
Coworking Spaces in Georgia
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2023 Office Construction in Decatur City, GA
| Office building | Address | SF | Completed |
|---|---|---|---|
| Cortland Decatur East | 2641 East College Avenue, 30030 | 331,834 | 2020 |
| 120 West Trinity | 120 West Trinity Place, 30030 | 52,000 | 2020 |
| 115 N McDonough St | 115 N McDonough St, 30030 | 6,800 | 2012 |
| Decatur Plaza | 101 West Ponce De Leon Avenue, 30030 | 112,440 | 1991 |
| 160 Clairemont Ave | 160 Clairemont Avenue, 30030 | 122,713 | 1983 |
| Emory Decatur VI | 500 Irvin Court, 30030 | 17,828 | 1976 |
| Emory Decatur IV | 495 Winn Way, 30030 | 16,090 | 1976 |
| Emory Decatur I | 484 Irvin Court, 30030 | 15,940 | 1976 |
| Emory Decatur V | 497 Winn Way, 30030 | 15,163 | 1976 |
| Emory Decatur II | 465 Winn Way, 30030 | 21,707 | 1971 |
Worth noting among recent office completions on the Decatur City market is Cortland Decatur East, which is currently the largest new office development in the city, at 331,834 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 Decatur 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.