2023 Office Space Rent & Sales
- $19.33 2023 Avg. Asking Rent
- 15.77% 2023 Office Vacancy Rate
Marietta office price per square foot in 2023 was $19.33 on average. The local office market recorded an average vacancy rate of 15.77% across all asset classes combined.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Marietta Class A & A+ Office Space$21.93
- Marietta Class B Office Space$21.35
- Marietta Class C Office Space$17.50
- Georgia Class A & A+ Office Space$34.44
- Georgia Class B Office Space$22.70
- Georgia Class C Office Space$31.34
Marietta, GA Office Asking Rents by Class
Average office rent in Marietta rested at $19.33 per square foot in 2023. 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 $21.35 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $17.50 per square foot, on average. Comparably, statewide Georgia average office rents by class in 2023 were: $34.44 per square foot for class A office space; $22.70 per square foot for class B office space; $31.34 per square foot for class C office space.
2023 Office Vacancy Rates in Marietta
Submarket | Asking Rents | Vacancy Rates |
---|---|---|
Northwest 285 | $26.41 | 16.58% |
Marietta - Kennesaw | $25.64 | 17.51% |
Marietta - East | $21.10 | 6.70% |
Coworking Spaces in Georgia
- Atlanta Coworking Space
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- Asheville Coworking Space
- Richmond Coworking Space
- Chattanooga Coworking Space
2023 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 |
Now Leasing 735 SF OFfice Marietta GA | 80 Whitlock Pl SW Unit 100, 30064 | 735 | 2004 |
Marietta Health Park | 780 Canton Road NE, 30060 | 82,371 | 2000 |
Kennestone Physicians Center I | 55 Whitcher Street NE, 30060 | 118,180 | 1999 |
1800 West Oak Commons Court | 1800 West Oak Commons Court, 30062 | 97,144 | 1999 |
Gateway Oaks | 877 Franklin Rd SE, 30067 | 51,595 | 1999 |
Gateway Oaks - Building 300 | 885 Franklin Road, 30068 | 26,985 | 1999 |
2060 Franklin Way | 2060 Franklin Way, 30067 | 19,200 | 1999 |
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
- Atlanta Office Rent Price
- Alpharetta Office Rent Price
- Duluth Office Rent Price
- Macon Office Rent Price
- Charlotte Office Rent Price
- Miami Office Rent Price
- Manhattan Office Rent Price
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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 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. 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.