Kennesaw Office Market Trends

Office Rental Market

  • $23.04 2019 Avg. Asking Rent
  • 9.88 % 2019 Avg. Vacancy Rate
  • 0 2019 Office Completions (Sqft)
  • 0 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Kennesaw was $23.04 per square foot, and the office vacancy rate across the market averaged 9.88 %. During 2019, developers added 0 square feet of new office space to the Kennesaw 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

  • Kennesaw Class A Office Buildings$28.03
  • Kennesaw Class B Office Buildings$21.19
  • Kennesaw Class C Office Buildings$21.00
  • GA Class A Office Buildings$29.13
  • GA Class B Office Buildings$20.45
  • GA Class C Office Buildings$16.21

Kennesaw, GA Office Asking Rents by Class

Office asking rents vary across the Kennesaw office market depending on several factors, one of which is property class. While rents for Class A office buildings in Kennesaw averaged $28.03 per square foot in 2019, Class B office properties garnered average rental rates of $21.19 per square foot. Rental rates for Class C office property in Kennesaw averaged $21.00 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.

OFFICE CONSTRUCTION IN Kennesaw, GA

  • Kennesaw, GA Total Sqft completed in 2019 0
  • Kennesaw, GA Total Sqft under construction in 2020 0
10 Largest Office Buildings in Kennesaw
Building name Address Total Sqft Year built
Chastain Center 60 Chastain Center Blvd, 30144 303,451 1988
210 Townpark Drive NW 210 Townpark Drive NW, 30144 229,440 1995
1655 Roberts Blvd NW 1655 Roberts Blvd NW, 30144 190,420 1996
Barrett Business Center 2015 Vaughn Road NW, 30144 187,373 1999
Barrett Summit 1990 Vaughn Road NW, 30144 182,447 2000
Town Point - Heidelberg USA Headquarters 1000 NW Gutenberg Drive, 30144 175,900 1994
Kaiser Permanente TownPark Comprehensive Medical Center 750 Townpark Lane NW, 30144 158,272 1994
TownPark Ravine Two 600 TownPark Lane NW, 30144 133,163 2001
TownPark Ravine One 245 TownPark Drive NW, 30144 133,157 1999
Two Barrett Lakes Center 1825 Barrett Lakes Blvd NW, 30144 125,082 1998
Largest Office Properties Recently Completed in Kennesaw
Office building Address Sqft Completed
Children's at Town Center Outpatient Care Center 605 Big Shanty Road NW, 30144 48,187 2018
The Columns - 2404 Kennesaw Due West Road 2404 Kennesaw Due West Road, 30152 40,224 2008
2065 ITT Tech Way 2065 ITT Tech Way, 30144 29,990 2008
Hedgerose Commons 1690 Stone Village Lane, 30152 39,986 2007
Kennesaw Pointe Professional Center 1350 Wooten Lake Road, 30144 28,380 2007
TownPark Ravine Three 3550 George Busbee Pkwy NW, 30144 100,770 2006
Creekside Professional Center 3104 Creekside Village Drive, 30144 49,999 2006
Chastain Medical Center at TownPark 3525 Busbee Drive, 30144 26,060 2006
3450 Acworth Due West Road 3450 Acworth Due West Road, 30144 43,345 2005
270 Chastain Road 270 Chastain Road, 30144 27,549 2003
Data provided by Commercial Edge

Office Spaces for Rent in Georgia

KENNESAW OFFICE SALES TRENDS

  • $137.692019 Avg. Price per Sqft
  • 18.88 %Y-o-Y Avg. PpSF Change
  • $72.4M2019 Office Sales Volume
  • 32019 Number of Transactions

In 2019, office sales in Kennesaw averaged $137.69 per square foot. This marked a 18.88 % increase in office price per square foot, compared to the previous year. A total of 3 office sales closed on the Kennesaw office market in 2019, amounting to a total sales volume of $72.4M.

Average Office Sale Price per Sqft

Kennesaw, GA Sales Trends

  • Kennesaw Price per Sqft$137.69
  • Georgia Price per Sqft$172.86

Office Sales - Trend and Volume

  • Kennesaw, GA Total Office Sales Volume in 2019 $72.4M
  • Kennesaw, GA Total Number of Office Sales Closed in 2019 3

Largest Kennesaw Office Sales in 2019

Property name Address Date Price
Chastain Center 60 Chastain Center Blvd 12/4/2019 $46,100,000
Barrett Business Center 2015 Vaughn Road NW 3/11/2019 $23,680,000
4178 Jiles Road 4178 Jiles Road NW 12/31/2019 $2,630,000
Data provided by Commercial Edge

See trends for nearby markets

The Kennesaw office market contains an inventory of 3,928,880 square feet of office space, in 91 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 Kennesaw 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.