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)
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
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 |
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 |
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 |
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.