Norcross Office Rent Price & Sales Report

Highlights

  • The average rent for office space in Norcross is $23.86 per square foot, 15.18% lower compared to the previous year.
  • The average sale price for office space in Norcross is $104.81 per square foot, marking an increase of 20.93% compared to 2024.
  • The market’s vacancy rate stands at 20.55%, higher than the state average of Georgia, which is 16.63%.

2025 Office Space Rent & Sales

  • $23.86 2025 Avg. Asking Rent
  • -15.18% Y-o-Y Avg. Asking Rent Change
  • 20.55% 2025 Office Vacancy Rate
  • $14.4M2025 Total Office Sales
  • $104.81Avg. Sale Price/SF

What is the average asking rent price for office space in Norcross?

Average asking rents for office space here stand at $23.86 per square foot. The local office market recorded an average vacancy rate of 20.55% in 2025, unchanged from 20.55% in 2024.

Office transactions in the local market in 2025 totaled a sales volume of $14.4M across 3 sales. These transactions commanded an average sale price per square foot of $104.81.

Norcross, GA Office Asking Rents by Class

What is the average office rent per square foot by property class in GA?

  • Avg. Asking Rent Class A & A+$39.36
  • Avg. Asking Rent Class B$24.40
  • Avg. Asking Rent Class C$18.11

For comparison, the average rent for Class A and A+ office space in Georgia was $39.36 per square foot. The state-wide average for Class B space was $24.40 per square foot, and Class C office spaces averaged $18.11 per square foot.

Norcross, GA Office Indicators by Submarket

In 2025, the submarket with the lowest office vacancy rate in Norcross was I-95 Corridor Duluth at 11.94%. Meanwhile, the highest office vacancy rate in the market was 16.79%, recorded in Peachtree Corners - Duluth.
Submarket Asking Rents Vacancy Rates
I-95 Corridor Duluth $28.00 11.94%
Peachtree Corners - Duluth $24.16 16.79%
Data provided by Yardi Research

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2025 Office Sales Volume

  • $104.812025 Avg. Price per SF
  • 20.93%Y-o-Y Avg. PpSF Change
  • $14.4M2025 Office Sales Volume
  • 32025 Number of Transactions

What is the average sale price per square foot for office space in Norcross?

Average sale prices for office space in this market recorded a +20.93% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $104.81 per square foot. For comparison, the statewide Georgia average during the same time period stood at $133.77 per square foot, while the national average was $182.48 per square foot.

Norcross, GA Sale Price per SF Trend

  • Norcross Avg. Sale Price per SF in 2025$104.81
  • Georgia Avg. Sale Price per SF in 2025$133.77

What was the total office sales volume in Norcross in 2025?

The local office market recorded 3 deals in 2025, adding up to a yearly sales volume of $14.4M.

  • Norcross, GA Total Office Sales Volume in 2025 $14.4M
  • Norcross, GA Total Number of Office Sales Closed in 2025 3
Data provided by Yardi Research

What are the largest recent office completions in Norcross?

The largest recent office completion here is Peachtree Corners Commerce Park at 158,919 square feet, completed in 1984. The next largest completions are Cubework Norcross and Gwinnett Park - 4405 International Blvd.

Office building Address SF Completed
Cubework Norcross 1600 Indian Brook Way, 30093 81,440 1997
Gwinnett Park - 4405 International Blvd 4405 International Blvd, 30093 60,271 1997
Avalon Center Office Space 3145 Avalon Ridge Place, 30071 36,225 1997
5151-5161 Brook Hollow Parkway 5151-5161 Brook Hollow Parkway, 30071 46,464 1986
Peachtree Medlock Corner 5380 Peachtree Industrial Blvd, 30071 22,654 1986
Medlock Place 5390 Peachtree Industrial Blvd, 30071 15,829 1986
748 Holcomb Bridge Road 748 Holcomb Bridge Road, 30071 2,100 1986
Peachtree Corners Commerce Park 3000 - 3070 Business Park Drive, 30071 158,919 1984
Jimmy Carter Business Center 6760 Jimmy Carter Blvd, 30071 44,134 1982
Wintergreen Square 4851 Jimmy Carter Blvd., 30093 18,000 1982
Data provided by Yardi Research

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Disclaimer

All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.

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 Yardi Research Data can guarantee that the information provided is complete.