2022 Office Space Rent & Sales
- $18.34 2022 Avg. Asking Rent
- 16.00% 2022 Office Vacancy Rate
- $132.6M2022 Total Office Sales
- $171.44Avg. Sale Price/SF
Marietta office price per square foot in 2022 was $18.34 on average. The local office market recorded an average vacancy rate of 16.00% across all asset classes combined. The 10 transactions that closed here throughout 2022 amounted to a total sale volume of $132.6M. Marietta office space commanded an average sale price per square foot of $171.44.
Average Rent by Office Class
2022 Average Office Rent per Square Foot
- Marietta Class A & A+ Office Space$21.93
- Marietta Class B Office Space$19.00
- Marietta Class C Office Space$17.52
- Georgia Class A & A+ Office Space$34.06
- Georgia Class B Office Space$22.67
- Georgia Class C Office Space$16.82
Marietta, GA Office Asking Rents by Class
Average office rent in Marietta rested at $18.34 per square foot in 2022. As would be expected, office rent price showed some variation from one asset class to another. As such, the asking rent for class A office space in Marietta averaged $21.93 per square foot. Across all submarkets, class B office space recorded an average asking rent of $19.00 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $17.52 per square foot, on average. Comparably, statewide Georgia average office rents by class in 2022 were: $34.06 per square foot for class A office space; $22.67 per square foot for class B office space; $16.82 per square foot for class C office space.
2022 Office Vacancy Rates in Marietta
Submarket | Asking Rents | Vacancy Rates |
---|---|---|
Northwest 285 | $26.11 | 18.19% |
Marietta - Kennesaw | $24.87 | 15.68% |
Marietta - East | $20.58 | 4.24% |
Marietta Office Sale Price per SF
- $171.442022 Avg. Price per SF
- 13.82%Y-o-Y Avg. PpSF Change
- $132.6M2022 Office Sales Volume
- 102022 Number of Transactions
Marietta, GA Sale Price per SF Trend
- Marietta Avg. Sale Price per SF in 2022$171.44
- Georgia Avg. Sale Price per SF in 2022$195.84
2022 Office Sales Volume
- Marietta, GA Total Office Sales Volume in 2022 $132.6M
- Marietta, GA Total Number of Office Sales Closed in 2022 10
Largest Marietta Office Sales in 2022
Property name | Address | Date | Price |
---|---|---|---|
Two Parkway Center | 1800 Parkway Place | 9/19/2022 | $41,300,000 |
4300 Wildwood Pkwy SE | 4300 Wildwood Pkwy SE | 8/26/2022 | $34,552,000 |
Pavilion at Windy Hill, The | 2550 Windy Hill Road | 7/13/2022 | $21,833,300 |
Marietta Station - Denmead, Carmichael & Brumby Buildings | 125 Church Street | 1/27/2022 | $9,911,700 |
Northchase Office Park - 1130 Northchase Pkwy | 1130 Northchase Pkwy SE | 6/22/2022 | $7,200,000 |
Coworking Spaces in Georgia
- Atlanta Coworking Space
- Miami Coworking Space
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- Charlotte Coworking Space
- Raleigh Coworking Space
- Tampa Coworking Space
- Jacksonville Coworking Space
- Orlando Coworking Space
- Boca Raton Coworking Space
- Fort Lauderdale Coworking Space
- Alexandria Coworking Space
- Memphis Coworking Space
- West Palm Beach Coworking Space
- Durham Coworking Space
- Louisville Coworking Space
- Birmingham Coworking Space
- New Orleans Coworking Space
- Alpharetta Coworking Space
- Asheville Coworking Space
- Chattanooga Coworking Space
- Richmond Coworking Space
2022 Office Construction in Marietta, GA
Office building | Address | SF | Completed |
---|---|---|---|
3672 Marathon Circle | 3672 Marathon Circle, 30106 | 39,218 | 2009 |
175 White St | 175 White St, 30060 | 23,184 | 2007 |
Kennestone Physicians Center II | 61 Whitcher Street NE, 30060 | 67,062 | 2005 |
1,515 SF Prime Office Space Marietta GA | 965 Piedmont Rd 220, 30066 | 2,329 | 2001 |
Marietta Health Park | 780 Canton Road NE, 30060 | 82,371 | 2000 |
Kennestone Physicians Center I | 55 Whitcher Street NE, 30060 | 118,180 | 1999 |
Franklin Oaks - Building 200 | 877 Franklin Rd SE, 30067 | 51,595 | 1999 |
Franklin Oaks - Building 300 | 885 Franklin Road, 30068 | 26,985 | 1999 |
2060 Franklin Way | 2060 Franklin Way, 30067 | 19,200 | 1999 |
Office Opportunity in East Cobb | ±4,506 SF | 2820 Lassiter Road, Building C, 30062 | 4,506 | 1998 |
Worth noting among recent office completions on the Marietta market is 3672 Marathon Circle, which is currently the largest new office development in the city, at 39,218 square feet.
See reports for other markets
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2022 through December 31st 2022. Construction pipeline data represented herein is valid as of April 2023. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market 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.