Alpharetta City Office Rent Price & Sales Report

2024 Office Space Rent & Sales

  • $26.61 2024 Avg. Asking Rent
  • 26.97% 2024 Office Vacancy Rate
  • $62.1M2024 Total Office Sales
  • $87.63Avg. Sale Price/SF

Alpharetta City office price per square foot in 2024 was $26.61 on average. The local office market recorded an average vacancy rate of 26.97% across all asset classes combined. The 6 transactions that closed here throughout 2024 amounted to a total sale volume of $62.1M. Alpharetta City office space commanded an average sale price per square foot of $87.63.

See how this market compares to the national average: U.S. office space rent & sales.

Average Rent by Office Class

2024 Average Office Rent per Square Foot

  • Alpharetta City Class A & A+ Office Space$30.23
  • Alpharetta City Class B Office Space$23.62
  • Alpharetta City Class C Office Space$27.53
  • Georgia Class A & A+ Office Space$36.53
  • Georgia Class B Office Space$23.47
  • Georgia Class C Office Space$17.64

Alpharetta City, GA Office Asking Rents by Class

Average office rent in Alpharetta City rested at $26.61 per square foot in 2024. As would be expected, office rent price showed some variation from one asset class to another. As such, the asking rent for class A office space in Alpharetta City averaged $30.23 per square foot. Across all submarkets, class B office space recorded an average asking rent of $23.62 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $27.53 per square foot, on average. Comparably, statewide Georgia average office rents by class in 2024 were: $36.53 per square foot for class A office space; $23.47 per square foot for class B office space; $17.64 per square foot for class C office space.

2024 Office Vacancy Rates in Alpharetta City

Submarket Asking Rents Vacancy Rates
Alpharetta $25.97 25.92%
Forsyth County $23.12 19.69%
Tucker $21.14 29.39%
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 Alpharetta City market was 26.97% in 2024. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Alpharetta City was 19.69% in the Forsyth County submarket, while the highest office vacancy in the market was 29.39%, recorded in Tucker.

Office Spaces for Rent in Georgia

Alpharetta City Office Sale Price per SF

  • $87.632024 Avg. Price per SF
  • -0.83%Y-o-Y Avg. PpSF Change
  • $62.1M2024 Office Sales Volume
  • 62024 Number of Transactions

Alpharetta City, GA Sale Price per SF Trend

  • Alpharetta City Avg. Sale Price per SF in 2024$87.63
  • Georgia Avg. Sale Price per SF in 2024$124.92
Alpharetta City office space cost in 2024 marked a -0.83% change compared to the previous year. The sale price for office space in Alpharetta City averaged $87.63 per square foot in 2024, across all market subdivisions and asset classes. Conversely, the statewide Georgia average office sale price during the same time period was $124.92 per square foot.

2024 Office Sales Volume

  • Alpharetta City, GA Total Office Sales Volume in 2024 $62.1M
  • Alpharetta City, GA Total Number of Office Sales Closed in 2024 6
A total of 6 deals closed on the Alpharetta City office market in 2024, adding up to a yearly sales volume of $62.1M. Notably, the largest transaction on the market saw Woodside Terrace change hands for $14,000,000 on 1/9/2024.
Data provided by Commercial Edge

Coworking Spaces in Georgia

2024 Office Construction in Alpharetta City, GA

Largest Office Properties Recently Completed in Alpharetta City
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
McFarland Station Office Park 6110 McFarland Station Dr, 30004 1,736 2019
8000 Avalon 8000 Avalon Blvd, 30009 224,000 2017
Virtue Investment Group 5755 North Point Pkwy, 30022 31,241 2017
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
Sanctuary Park - Stonebridge I 1110 Sanctuary Pkwy, 30009 146,821 2007
Alpharetta Pediatric Center 3300 Old Milton Parkway, 30005 64,895 2007
Old Milton Village 4040 Old Milton Pkwy, 30005 52,740 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.

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 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. 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.