Marietta Office Market Trends

Office Rental Market

  • $19.39 2019 Avg. Asking Rent
  • 9.49 % 2019 Avg. Vacancy Rate
  • 0 2019 Office Completions (Sqft)
  • 152,612 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Marietta was $19.39 per square foot, and the office vacancy rate across the market averaged 9.49 %. During 2019, developers added 0 square feet of new office space to the Marietta market inventory. Office developments estimated for delivery during 2020 total 152,612 square feet.

Average Office Asking Rents by Class

2019 Average Office Rent per Square Foot

  • Marietta Class A Office Buildings$26.70
  • Marietta Class B Office Buildings$19.16
  • Marietta Class C Office Buildings$16.84
  • GA Class A Office Buildings$29.13
  • GA Class B Office Buildings$20.45
  • GA Class C Office Buildings$16.21

Marietta, GA Office Asking Rents by Class

Office asking rents vary across the Marietta office market depending on several factors, one of which is property class. While rents for Class A office buildings in Marietta averaged $26.70 per square foot in 2019, Class B office properties garnered average rental rates of $19.16 per square foot. Rental rates for Class C office property in Marietta averaged $16.84 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
Kennesaw $23.59 7.77 %
Galleria $18.32 9.70 %
Data provided by Commercial Edge
  • The lowest office vacancy rate in 2019 in Marietta was 7.77 % in the Kennesaw submarket, where asking rents averaged $23.59.
  • The highest office vacancy rate in 2019 in Marietta was 9.70 % in the Galleria submarket, where asking rents averaged $18.32.

OFFICE CONSTRUCTION IN Marietta, GA

  • Marietta, GA Total Sqft completed in 2019 0
  • Marietta, GA Total Sqft under construction in 2020 152,612
10 Largest Office Buildings in Marietta
Building name Address Total Sqft Year built
Wildwood Center 2300 Windy Ridge Pkwy SE, 30339 692,707 1987
2500 Windy Ridge Pkwy 2500 Windy Ridge Pkwy SE, 30339 316,000 1985
Governor's Ridge Office Park 1640 Powers Ferry Road SE, 30067 305,000 1984
GE Energy Management Global Headquarters 4200 Wildwood Pkwy, 30339 256,000 1999
1600 Terrell Mill Road SE 1600 Terrell Mill Road SE, 30067 253,096 1980
Two Parkway Center 1800 Parkway Place, 30067 229,390 1987
One Parkway Center 1850 Parkway Place, 30067 228,355 1985
Parkwood Point 2018 Powers Ferry Road SE, 30339 218,756 2001
1000 Parkwood Circle 1000 Parkwood Circle SE, 30339 212,705 1983
Cobb Corporate Center 350 Franklin Gateway SE, 30067 195,921 1985
Largest Office Properties Recently Completed in Marietta
Office building Address Sqft Completed
The Edison Chastain 3054 Chastain Meadows Pkwy, 30066 152,612 2020
Genuine Parts Headquarters 2999 Wildwood Pkwy, 30339 171,000 2016
East Cobb Medical Center 4800 Olde Towne Pkwy, 30068 100,000 2016
Wellstar East Cobb Health Park 3747 Roswell Road NE, 30062 162,000 2014
835 Cogburn Avenue NW 835 Cogburn Avenue NW, 30060 30,016 2014
3074 Chastain Meadows Pkwy 3074 Chastain Meadows Pkwy, 30066 79,992 2012
Kennestone Outpatient Pavilion 677 Church Street, 30060 129,168 2010
3672 Marathon Circle 3672 Marathon Circle, 30106 39,218 2009
111 Marble Mill Road NW 111 Marble Mill Road NW, 30060 33,390 2009
Tower Road Medical Office Building 400 Tower Road NE, 30060 45,000 2008
Data provided by Commercial Edge

Office Spaces for Rent in Georgia

MARIETTA OFFICE SALES TRENDS

  • $115.982019 Avg. Price per Sqft
  • 2.46 %Y-o-Y Avg. PpSF Change
  • $21.3M2019 Office Sales Volume
  • 52019 Number of Transactions

In 2019, office sales in Marietta averaged $115.98 per square foot. This marked a 2.46 % increase in office price per square foot, compared to the previous year. A total of 5 office sales closed on the Marietta office market in 2019, amounting to a total sales volume of $21.3M.

Average Office Sale Price per Sqft

Marietta, GA Sales Trends

  • Marietta Price per Sqft$115.98
  • Georgia Price per Sqft$172.86

Office Sales - Trend and Volume

  • Marietta, GA Total Office Sales Volume in 2019 $21.3M
  • Marietta, GA Total Number of Office Sales Closed in 2019 5

Largest Marietta Office Sales in 2019

Property name Address Date Price
465 Big Shanty Road NW 465 Big Shanty Road NW 6/3/2019 $6,450,000
Northchase Office Park - 1130 Northchase Pkwy 1130 Northchase Pkwy SE 5/16/2019 $4,750,000
West Oak Bussiness Park - 1828 West Oak Pkwy 1828 West Oak Pkwy 5/6/2019 $3,840,000
Newmarket Business Park - 2110 Newmarket Pkwy 2110 Newmarket Pkwy 1/7/2019 $3,600,000
1770 The Exchange 1770 The Exchange SE 10/30/2019 $2,650,000
Data provided by Commercial Edge

See trends for nearby markets

The Marietta office market contains an inventory of 7,766,761 square feet of office space, in 376 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 Marietta 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.