Office Rental Market
- $24.20 2019 Avg. Asking Rent
- 9.86 % 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
- Lawrenceville Class A Office Buildings$26.64
- Lawrenceville Class B Office Buildings$19.35
- Lawrenceville Class C Office Buildings$19.94
- GA Class A Office Buildings$29.13
- GA Class B Office Buildings$20.45
- GA Class C Office Buildings$16.21
Lawrenceville, GA Office Asking Rents by Class
Office asking rents vary across the Lawrenceville office market depending on several factors, one of which is property class. While rents for Class A office buildings in Lawrenceville averaged $26.64 per square foot in 2019, Class B office properties garnered average rental rates of $19.35 per square foot. Rental rates for Class C office property in Lawrenceville averaged $19.94 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 |
---|---|---|
Lawrenceville | $27.71 | 10.50 % |
Duluth | $22.44 | 9.33 % |
- The lowest office vacancy rate in 2019 in Lawrenceville was 9.33 % in the Duluth submarket, where asking rents averaged $22.44.
- The highest office vacancy rate in 2019 in Lawrenceville was 10.50 % in the Lawrenceville submarket, where asking rents averaged $27.71.
OFFICE CONSTRUCTION IN Lawrenceville, GA
- Lawrenceville, GA Total Sqft completed in 2019 0
- Lawrenceville, GA Total Sqft under construction in 2020 0
Building name | Address | Total Sqft | Year built |
---|---|---|---|
Cisco Systems Sugarloaf Campus | 5030 Sugarloaf Pkwy NW, 30044 | 580,000 | 2000 |
Springfield Park - GMC Health Park | 665 Duluth Hwy, 30046 | 187,035 | 2003 |
1715 North Brown Road | 1715 North Brown Road, 30043 | 161,821 | 2006 |
Intellicenter | 2530 Sever Road NW, 30043 | 150,063 | 2006 |
Huntcrest III | 1735 North Brown Road, 30043 | 134,524 | 2001 |
Gwinnett Physicians Center | 631 Professional Drive, 30046 | 125,522 | 2009 |
Terrace Park Medical Center | 771 Old Norcross Road, 30046 | 125,000 | 2007 |
Huntcrest II | 1745 North Brown Road, 30043 | 105,015 | 2001 |
Huntcrest I | 1755 North Brown Road, 30043 | 103,650 | 2000 |
1605 Lakes Pkwy | 1605 Lakes Pkwy, 30043 | 97,260 | 1988 |
Office building | Address | Sqft | Completed |
---|---|---|---|
Gwinnett Physicians Center | 631 Professional Drive, 30046 | 125,522 | 2009 |
Terrace Park Medical Center | 771 Old Norcross Road, 30046 | 125,000 | 2007 |
Horizon Summit - Buildings 200 & 300 | 415 Horizon Drive, 30024 | 54,757 | 2007 |
Philip Professional Center | 455 Philip Blvd, 30046 | 31,483 | 2007 |
1715 North Brown Road | 1715 North Brown Road, 30043 | 161,821 | 2006 |
Intellicenter | 2530 Sever Road NW, 30043 | 150,063 | 2006 |
595 Hurricane Shoals Road | 595 Hurricane Shoals Road, 30046 | 43,730 | 2005 |
2055 North Brown Road | 2055 North Brown Road, 30043 | 39,262 | 2005 |
605 Old Norcross Road | 605 Old Norcross Road, 30046 | 31,191 | 2005 |
755 Walther Road | 755 Walther Road, 30046 | 29,819 | 2005 |
Office Spaces for Rent in Georgia
See trends for nearby markets
The Lawrenceville office market contains an inventory of 3,066,395 square feet of office space, in 73 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 Lawrenceville 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.