Duluth Office Market Trends

Office Rental Market

  • $19.21 2019 Avg. Asking Rent
  • 16.86 % 2019 Avg. Vacancy Rate
  • 0 2019 Office Completions (Sqft)
  • 0 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Duluth was $19.21 per square foot, and the office vacancy rate across the market averaged 16.86 %. During 2019, developers added 0 square feet of new office space to the Duluth market inventory. Office developments estimated for delivery during 2020 total 0 square feet.

Average Office Asking Rents by Class

2019 Average Office Rent per Square Foot

  • Duluth Class A Office Buildings$21.90
  • Duluth Class B Office Buildings$17.87
  • Duluth Class C Office Buildings$15.11
  • GA Class A Office Buildings$29.13
  • GA Class B Office Buildings$20.45
  • GA Class C Office Buildings$16.21

Duluth, GA Office Asking Rents by Class

Office asking rents vary across the Duluth office market depending on several factors, one of which is property class. While rents for Class A office buildings in Duluth averaged $21.90 per square foot in 2019, Class B office properties garnered average rental rates of $17.87 per square foot. Rental rates for Class C office property in Duluth averaged $15.11 per square foot. On a statewide level, Class B office space rents averaged $20.45 per square foot, while rents for Class A office space across Georgia averaged $29.13 per square foot. On average, Class C office properties in Georgia commanded rents of $16.21 per square foot.

2019 OFFICE VACANCY RATES

Submarket Asking Rents Vacancy Rates
Duluth $19.38 18.20 %
Johns Creek $19.22 11.06 %
Data provided by Commercial Edge
  • The lowest office vacancy rate in 2019 in Duluth was 11.06 % in the Johns Creek submarket, where asking rents averaged $19.22.
  • The highest office vacancy rate in 2019 in Duluth was 18.20 % in the Duluth submarket, where asking rents averaged $19.38.

OFFICE CONSTRUCTION IN Duluth, GA

  • Duluth, GA Total Sqft completed in 2019 0
  • Duluth, GA Total Sqft under construction in 2020 0
10 Largest Office Buildings in Duluth
Building name Address Total Sqft Year built
Chattahoochee Corners - 3475-3550 Corporate Way, 4350, 4375 & 4400-4570 River Green Pkwy 3475 Corporate Way, 30096 376,925 1997
One Primerica Parkway 1 Primerica Pkwy, 30099 344,476 2013
Former NCR Corporate Campus 2651 Satellite Boulevard, 30096 343,956 1989
Atlanta Building 11350 Johns Creek Pkwy, 30098 339,862 1991
Sugarloaf Corporate Center - 2160-2180 Satellite Blvd 2160 Satellite Blvd, 30097 255,985 1998
3100 Breckinridge 3100 Breckinridge Blvd, 30096 251,083 1986
Breckinridge Center 3350 Breckinridge Blvd, 30096 233,000 1985
Gwinnett Commerce Center 3700 Crestwood Pkwy, 30096 213,563 1988
Business Park at Sugarloaf - Sugarloaf I, II & V 6700 Sugarloaf Pkwy, 30097 206,940 1998
3100 & 3200 Breckinridge Blvd 3200 Breckinridge Blvd, 30096 189,886 1985
Largest Office Properties Recently Completed in Duluth
Office building Address Sqft Completed
One Primerica Parkway 1 Primerica Pkwy, 30099 344,476 2013
ViaSat Atlanta Headquarters Campus - Building 300 1725 Breckinridge Plaza, 30096 60,000 2013
Duluth Park International 2641 North Berkeley Lake Road NW, 30096 138,123 2009
One Sugarloaf Centre 1960 Satellite Blvd, 30097 114,564 2009
1 Ebix Way 1 Ebix Way, 30097 101,991 2009
Johns Creek Medical Pavilion 6300 Hospital Pkwy, 30097 90,148 2008
Summit Ridge Parc 3296 Summit Ridge Pkwy, 30096 65,900 2008
11459 Johns Creek Pkwy 11459 Johns Creek Pkwy, 30097 43,278 2008
Emory Johns Creek Physicians Plaza 6335 Hospital Pkwy, 30097 111,439 2007
11380 Technology Circle 11380 Technology Circle, 30097 86,071 2007
Data provided by Commercial Edge

Office Spaces for Rent in Georgia

DULUTH OFFICE SALES TRENDS

  • $145.212019 Avg. Price per Sqft
  • 70.84 %Y-o-Y Avg. PpSF Change
  • $75.5M2019 Office Sales Volume
  • 42019 Number of Transactions

In 2019, office sales in Duluth averaged $145.21 per square foot. This marked a 70.84 % increase in office price per square foot, compared to the previous year. A total of 4 office sales closed on the Duluth office market in 2019, amounting to a total sales volume of $75.5M.

Average Office Sale Price per Sqft

Duluth, GA Sales Trends

  • Duluth Price per Sqft$145.21
  • Georgia Price per Sqft$172.86

Office Sales - Trend and Volume

  • Duluth, GA Total Office Sales Volume in 2019 $75.5M
  • Duluth, GA Total Number of Office Sales Closed in 2019 4

Largest Duluth Office Sales in 2019

Property name Address Date Price
Sugarloaf Corporate Center - 2160-2180 Satellite Blvd 2160 Satellite Blvd 5/24/2019 $44,000,000
2850 Premiere Pkwy 2850 Premiere Pkwy 11/27/2019 $12,850,000
World Financial Group Headquarters 11315 Johns Creek Pkwy 11/12/2019 $11,000,000
Meridian at Sugarloaf 2736 Meadow Church Road 7/22/2019 $7,625,000
Data provided by Commercial Edge

See trends for nearby markets

The Duluth office market contains an inventory of 9,237,682 square feet of office space, in 198 buildings that are equal to or larger than 25,000 square feet.

This market trends report is based on analysis of city-level data. Averages were calculated based on values dated January 1st 2019 through December 31st 2019. Construction pipeline data shown is valid as of April 2020. The information on this page was compiled using data provided by our sister company, CommercialEdge – a market intelligence solution which offers comprehensive 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.