Duluth Office Rent Price & Sales Report

2023 Office Space Rent & Sales

  • $21.55 2023 Avg. Asking Rent
  • 0.55% Y-o-Y Avg. Asking Rent Change
  • 10.46% 2023 Office Vacancy Rate

Duluth office price per square foot in 2023 was $21.55 on average. This marked a +0.55% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 10.46% 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

Duluth, GA Office Asking Rents by Class

2023 Office Vacancy Rates in Duluth

Submarket Asking Rents Vacancy Rates
I-95 Corridor Duluth $21.50 10.67%
Peachtree Corners - Duluth $19.92 11.90%
Data provided by Commercial Edge
Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The overall office vacancy rate on the Duluth market was 10.46% in 2023. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Duluth was 10.67% in the I-95 Corridor Duluth submarket, while the highest office vacancy in the market was 11.90%, recorded in Peachtree Corners - Duluth.

Office Spaces for Rent in Georgia

Coworking Spaces in Georgia

2023 Office Construction in Duluth, GA

  • Duluth, GA Total SF under construction in 2024 206,686
Largest Office Properties Recently Completed in Duluth
Office building Address SF Completed
One Sugarloaf Centre 1960 Satellite Blvd, 30097 114,564 2009
Johns Creek Medical Pavilion 6300 Hospital Pkwy, 30097 90,148 2008
11459 Johns Creek Pkwy 11459 Johns Creek Pkwy, 30097 43,278 2008
New Hope Medical Center 3840 Peachtree Industrial Blvd, 30096 75,600 2007
6224 Sugarloaf Pkwy 6224 Sugarloaf Pkwy, 30097 25,995 2007
3301 N Berkeley Lake Rd NW 3301 N Berkeley Lake Rd NW, 30096 6,186 2007
Spectrum 2905 & 2915 2905 & 2915 Premiere Parkway, 30097 161,000 2005
10475 Medlock Bridge Road 10475 Medlock Bridge Rd, 30097 2,400 2005
10475 Medlock Bridge Road #810 10475 Medlock Bridge Rd, 30097 2,400 2005
Satellite Place - Building 700 3097 Satellite Blvd, 30096 141,288 2002

Worth noting among recent office completions on the Duluth market is One Sugarloaf Centre, which is currently the largest new office development in the city, at 114,564 square feet.

Data provided by Commercial Edge

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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 Duluth 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.