Macon Office Rent Price & Sales Report

2023 Office Space Rent & Sales

  • $16.48 2023 Avg. Asking Rent
  • 2.22% Y-o-Y Avg. Asking Rent Change
  • 16.10% 2023 Office Vacancy Rate

Macon office price per square foot in 2023 was $16.48 on average. This marked a +2.22% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 16.10% 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

Macon, GA Office Asking Rents by Class

2023 Office Vacancy Rates in Macon

Submarket Asking Rents Vacancy Rates
Macon Central $16.52 10.76%
Macon Northwest $16.52 19.07%
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 Macon market was 16.10% in 2023. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Macon was 10.76% in the Macon Central submarket, while the highest office vacancy in the market was 19.07%, recorded in Macon Northwest.

Office Spaces for Rent in Georgia

Coworking Spaces in Georgia

2023 Office Construction in Macon, GA

Largest Office Properties Recently Completed in Macon
Office building Address SF Completed
300 Mulberry St 300 Mulberry St, 31201 120,000 2005
4611 Ivey Drive 4611 Ivey Drive, 31206 40,000 2004
2525 2nd St 2525 2nd St, 31206 15,760 2003
Freestanding Medical Office For Lease | ±4,480 SF 135 N Crest Blvd, 31210 4,480 1998
4885 Riverside Dr 4885 Riverside Dr, 31210 83,638 1991
Highridge Centre 3920 Arkwright Road, 31210 196,156 1988
Macon Office Space | Ashley Park | ±205 - 600 SF 3902 Northside Dr, 31210 19,200 1985
1867 Forsyth St 1867 Forsyth St, 31201 4,100 1985
Macon Office Space | Northside Square | ±180-4,689 SF 3312 Northside Dr, 31210 47,492 1984
1667 Eisenhower Pkwy 1667 Eisenhower Pkwy, 31206 33,899 1984

Worth noting among recent office completions on the Macon market is 300 Mulberry St, which is currently the largest new office development in the city, at 120,000 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 Macon 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.