According to commercialcafe.com the average price per square foot in
Metro Atlanta for office space is
2020 Office Space Rent & Sales
- $30.672020 Avg. Asking Rent
- 4.37%Y-o-Y Avg. Asking Rent Change
- 17.16%2020 Office Vacancy Rate
- $508.1M2020 Total Office Sales
- $209.65Avg. Sale Price/Sqft
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- Atlanta Class A Office Space$32.32
- Atlanta Class B Office Space$23.56
- Atlanta Class C Office Space$17.84
- Georgia Class A Office Space$30.31
- Georgia Class B Office Space$21.23
- Georgia Class C Office Space$16.05
Atlanta, GA Office Asking Rents by Class
Average office rent in Atlanta rested at $30.67 per square foot in 2020. 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 Atlanta averaged $32.32 per square foot. Across all submarkets, class B office space recorded an average asking rent of $23.56 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $17.84 per square foot, on average. Comparably, statewide Georgia average office rents by class in 2020 were: $30.31 per square foot for class A office space; $21.23 per square foot for class B office space; $16.05 per square foot for class C office space.2020 Office Vacancy Rates in Atlanta
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Midtown | $36.67 | 16.90% |
| Buckhead | $36.03 | 19.25% |
| West Atlanta | $35.59 | 19.47% |
| Central Perimeter | $30.84 | 16.90% |
| Brookhaven | $28.16 | 8.99% |
| Galleria | $28.14 | 15.83% |
| Central Business District | $25.17 | 19.79% |
| Northlake\Chamblee | $20.69 | 23.95% |
| South Atlanta | $20.31 | 21.80% |
Office Spaces for Rent in Georgia
Atlanta Office Sale Price per Sqft
- $209.652020 Avg. Price per Sqft
- 1.39%Y-o-Y Avg. PpSF Change
- $508.1M2020 Office Sales Volume
- 212020 Number of Transactions
Atlanta, GA Sale Price per Sqft Trend
Atlanta Avg. Sale Price per Sqft in 2020$209.65
- Georgia Avg. Sale Price per Sqft in 2020$165.65
2020 Office Sales Volume
Atlanta, GA Total Office Sales Volume in 2020$508.1M- Atlanta, GA Total Number of Office Sales Closed in 202021
Largest Atlanta Office Sales in 2020
| Property name | Address | Date | Price |
|---|---|---|---|
| 30 Allen Plaza | 30 Ivan Allen Jr. Blvd NW | 11/17/2020 | $89,940,000 |
| 55 Allen Plaza | 55 Ivan Allen Jr. Blvd NW | 3/19/2020 | $79,000,000 |
| Stockyards | 944 Brady Avenue NW | 1/17/2020 | $69,700,000 |
| Technology Enterprise Park | 387 Technology Circle NW | 12/30/2020 | $60,000,000 |
| 244 Perimeter Center Pkwy | 244 Perimeter Center Pkwy | 2/11/2020 | $41,700,000 |
2020 Office Construction in Atlanta, GA
-
Atlanta, GA Total Sqft completed in 20201,727,776 - Atlanta, GA Total Sqft under construction in 20216,084,689
| Office building | Address | Sqft | Completed |
|---|---|---|---|
| Midtown Union | 1331 Spring Street, 30309 | 644,046 | 2022 |
| One Phipps Plaza | 3550 Peachtree Road, 30326 | 365,263 | 2022 |
| 14th+Spring | 1150 Spring Street, 30309 | 317,500 | 2022 |
| 760 Ralph McGill | 760 Ralph McGill Blvd NE, 30312 | 300,000 | 2022 |
| Echo Street West | NEC Griffin Street NW & Donald Lee Hollowell Pkwy NW, 30318 | 300,000 | 2022 |
| The Grady Center For Advanced Surgical Services | 90 Jesse Hill Jr Drive SE, 30303 | 275,000 | 2022 |
| Altmore | 5775 Peachtree Dunwoody Road, 30342 | 229,074 | 2022 |
| Northlake Mall - Redevelopment - Offices | 2201 Henderson Mill Road, 30345 | 224,000 | 2022 |
| Campanile Building - Expansion | 1155 Peachtree Street NE, 30309 | 150,000 | 2022 |
| Lee + White - Building 929 | 929 Lee Street, 30310 | 90,000 | 2022 |
