Lawrenceville Office Market Trends

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)
In 2019, the average asking rent for office space in Lawrenceville was $24.20 per square foot, and the office vacancy rate across the market averaged 9.86 %. During 2019, developers added 0 square feet of new office space to the Lawrenceville 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

  • 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 %
Data provided by Commercial Edge
  • 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
10 Largest Office Buildings in Lawrenceville
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
Largest Office Properties Recently Completed in Lawrenceville
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
Data provided by Commercial Edge

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.