Sandy Springs Office Rent Price & Sales Report

2023 Office Space Rent & Sales

  • $27.38 2023 Avg. Asking Rent
  • 0.19% Y-o-Y Avg. Asking Rent Change
  • 23.25% 2023 Office Vacancy Rate

Sandy Springs office price per square foot in 2023 was $27.38 on average. This marked a +0.19% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 23.25% 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

Sandy Springs, GA Office Asking Rents by Class

2023 Office Vacancy Rates in Sandy Springs

Submarket Asking Rents Vacancy Rates
Perimeter North $31.73 18.07%
Northwest 285 $26.41 16.58%
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 Sandy Springs market was 23.25% in 2023. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Sandy Springs was 16.58% in the Northwest 285 submarket, while the highest office vacancy in the market was 18.07%, recorded in Perimeter North.

Office Spaces for Rent in Georgia

Coworking Spaces in Georgia

2023 Office Construction in Sandy Springs, GA

Largest Office Properties Recently Completed in Sandy Springs
Office building Address SF Completed
Northside Tower 5670 Peachtree-dunwoody Road, 30342 149,709 2006
Doctors Center 4 5673 Peachtree Dunwoody Road NE, 30342 208,546 2003
One Glenlake 1 Glenlake Pkwy NE, 30328 351,000 2002
Mount Vernon Place 6303 Barfield Road NE, 30328 240,000 2001
Glenridge Highlands Two 5565 Glenridge Connector NE, 30342 426,495 2000
Perimeter Center West 1155 Perimeter Center West, 30338 310,194 2000
10 Glenlake South Tower 10 Glenlake Pkwy NE, 30328 257,698 2000
Northridge Plaza 8200 Roberts Drive, 30350 128,000 2000
6655 Peachtree Dunwoody Road 6655 Peachtree Dunwoody Road, 30328 97,979 2000
1155 Perimeter Center West 1155 Perimeter Center, 30338 376,674 1999

Worth noting among recent office completions on the Sandy Springs market is Northside Tower, which is currently the largest new office development in the city, at 149,709 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 Sandy Springs 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.