Sandy Springs Office Market Trends

Office Rental Market

  • $24.98 2019 Avg. Asking Rent
  • 7.87 % 2019 Avg. Vacancy Rate
  • 0 2019 Office Completions (Sqft)
  • 0 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Sandy Springs was $24.98 per square foot, and the office vacancy rate across the market averaged 7.87 %. During 2019, developers added 0 square feet of new office space to the Sandy Springs 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

  • Sandy Springs Class A Office Buildings$25.14
  • Sandy Springs Class B Office Buildings$18.79
  • GA Class A Office Buildings$29.13
  • GA Class B Office Buildings$20.45
  • GA Class C Office Buildings$16.21

Sandy Springs, GA Office Asking Rents by Class

OFFICE CONSTRUCTION IN Sandy Springs, GA

  • Sandy Springs, GA Total Sqft completed in 2019 0
  • Sandy Springs, GA Total Sqft under construction in 2020 0
10 Largest Office Buildings in Sandy Springs
Building name Address Total Sqft Year built
Concourse Corporate Center VI 6 Concourse Pkwy, 30328 697,400 1991
Concourse Corporate Center Six 6 Concourse Parkway NE, 30328 697,400 1991
Concourse Corporate Center V 5 Concourse Pkwy, 30328 687,107 1988
UPS World Headquarters 55 Glenlake Pkwy NE, 30328 658,258 1994
Northpark 400 1000 Abernathy Road, 30328 586,256 1986
400 Northpark 1000 Abernathy Road, 30328 586,256 1986
Northpark 500 1100 Abernathy Road, 30328 515,735 1988
Riveredge Summit 1500 Riveredge Pkwy NW, 30328 468,988 1983
Glenridge Highlands Two 5565 Glenridge Connector NE, 30342 426,495 2000
Northpark 600 1200 Abernathy Road, 30328 425,729 1998
Largest Office Properties Recently Completed in Sandy Springs
Office building Address Sqft Completed
Mercedes-Benz Headquarters 1 Mercedes-Benz Drive, 30328 225,000 2018
Laureate Medical Group - Sandy Springs 6135 Barfield Road, 30328 48,057 2014
Cox - CTech A 6305 Peachtree Dunwoody Road NE, 30328 300,000 2010
Cox - CTech B 6305 Peachtree Dunwoody Road NE, 30328 300,000 2010
JAS Worldwide Corporate Headquarters 6205 Barfield Road, 30328 90,000 2010
Three Glenlake 3 Glenlake Pkwy NE, 30328 355,000 2008
Perimeter Town Center - 1150 Hammond Drive NE 1150 Hammond Drive NE, 30328 91,882 2008
5009 Roswell Road 5009 Roswell Road, 30342 36,500 2007
Northside Tower 5670 Peachtree Dunwoody Road, 30342 170,105 2004
Doctors Center 4 5673 Peachtree Dunwoody Road NE, 30342 208,546 2003
Data provided by Commercial Edge

Office Spaces for Rent in Georgia

SANDY SPRINGS OFFICE SALES TRENDS

  • $197.902019 Avg. Price per Sqft
  • -21.57 %Y-o-Y Avg. PpSF Change
  • $177.2M2019 Office Sales Volume
  • 32019 Number of Transactions

In 2019, office sales in Sandy Springs averaged $197.90 per square foot. This marked a -21.57 % decrease in office price per square foot, compared to the previous year. A total of 3 office sales closed on the Sandy Springs office market in 2019, amounting to a total sales volume of $177.2M.

Average Office Sale Price per Sqft

Sandy Springs, GA Sales Trends

  • Sandy Springs Price per Sqft$197.90
  • Georgia Price per Sqft$172.86

Office Sales - Trend and Volume

  • Sandy Springs, GA Total Office Sales Volume in 2019 $177.2M
  • Sandy Springs, GA Total Number of Office Sales Closed in 2019 3

Largest Sandy Springs Office Sales in 2019

Property name Address Date Price
Three Glenlake 3 Glenlake Pkwy NE 4/23/2019 $115,000,000
2100 Riveredge 2100 Riveredge Pkwy NW 1/28/2019 $45,225,000
5600 Glenridge Drive 5600 Glenridge Drive NE 12/20/2019 $17,000,000
Data provided by Commercial Edge

See trends for nearby markets

The Sandy Springs office market contains an inventory of 7,343,576 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 Sandy Springs 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.