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)
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
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 |
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 |
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 |
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.