Alpharetta Commercial Real Estate Services

Serving Alpharetta & North Fulton County

Commercial Brokerage for Businesses, Property Owners & Investors

Most executives searching for commercial space in Alpharetta start on LoopNet, sort by price, and schedule tours with whoever responds first. Six months later they're locked into a lease that costs $200,000 more than it should, in a location their employees hate commuting to, with expansion rights they'll never actually be able to exercise.

The Alpharetta market looks straightforward until you're actually in it. Class A office quotes range from $28 to $38 per square foot depending on which submarket, which building, and frankly, whether the landlord thinks you know what you're doing. Industrial space is even worse. There are maybe 2.5 million square feet of warehouse inventory in North Fulton, most of it built in the 1990s, and anything decent gets snapped up before it ever makes it to the listing sites.

We work with companies who need to get the location decision right the first time. Not because they're risk-averse, but because relocating 50 employees or moving 40,000 square feet of inventory costs more than the lease itself.

The Alpharetta Market Isn't What It Was Five Years Ago

The GA 400 corridor office market peaked around 2019. Vacancy sat at 8%. Landlords had leverage. If you wanted 10,000 square feet in Windward, you paid $36 per square foot and you were grateful for it. That's changed. Vacancy in most Alpharetta office submarkets runs between 14% and 18% now. Landlords with large blocks of space are motivated. If you know how to structure the conversation, you can negotiate free rent periods that actually matter, tenant improvement allowances north of $50 per square foot, and lease terms that give you flexibility instead of locking you in for a decade.

But here's what hasn't changed: most tenants still negotiate like it's 2019. They accept the first proposal, assume the broker on the other side is giving them a fair shake, and don't realize until year three that they overpaid by $150,000.

The industrial side is tighter. Alpharetta has limited warehouse inventory. Most of it sits up near Webb Road and Old Milton Parkway. Clear heights run 24 to 28 feet. Dock doors, some trailer parking, nothing fancy. Rates are $9 to $11 per square foot triple net if you can find space, which you often can't.

The real supply is 20 minutes north in Forsyth County off McFarland Parkway. Newer buildings, 32-foot clear heights, better truck access, rates in the $8 to $10 range. If your operations don't require an Alpharetta address, you'll get better space for less money. But most tenants don't know to look there because they assume "Alpharetta industrial" means staying inside city limits.

Why Location Decisions Go Wrong (And How to Avoid It)

We handled a tenant rep assignment last year for a professional services firm. Forty-two employees, mostly senior-level, looking for 8,000 square feet. They had narrowed it down to two buildings: one in Windward at $34 per square foot, one in Central Alpharetta near Haynes Bridge at $27 per square foot.

The CFO liked Windward. Nicer building, better finishes, the kind of place you'd bring clients. The operations lead liked Central Alpharetta because it was $56,000 cheaper per year and the space was perfectly functional. We didn't have an opinion on the building. We had an opinion on where their people lived. We pulled employee addresses and mapped drive times. Seventy percent of the staff lived in Roswell, East Cobb, and South Forsyth. Average commute to Windward: 26 minutes. Average commute to Central Alpharetta: 14 minutes.

They took the Central Alpharetta space. Six months in, the HR director told us turnover dropped and two people who had been working remote four days a week started coming in five. Turns out people don't mind commuting when it doesn't eat an hour of their day. The $56,000 in rent savings was real. The reduction in turnover was worth more.

The Industrial Tenant's Problem: Supply That Doesn't Exist

If you need 30,000 square feet of warehouse space in Alpharetta, you have maybe four options at any given time. Two of them will be overpriced. One will have 18-foot clear heights when you need 24. The fourth might actually work, but three other tenants are already touring it.

Most industrial brokers will show you what's available and shrug when it doesn't fit. We don't operate that way.

We track buildings where leases are expiring in the next six to twelve months. We know which landlords are sitting on vacant space they haven't listed yet because they're trying to avoid paying a commission. And we know when it makes sense to look at Forsyth County instead of forcing an Alpharetta solution that doesn't pencil.

Last fall we worked with a distributor who needed 35,000 square feet. Everything listed in Alpharetta was $11.50 to $12.50 per square foot triple net, which put them $80,000 over budget on a five-year lease.

We found them a building in Forsyth County off McFarland. Thirty-two-foot clear heights, four dock doors, actually newer than anything they'd seen in Alpharetta. Lease rate was $9.25 per square foot. Their delivery routes didn't change. Their employees' commutes got shorter.

They saved $135,000 over the lease term and got better space. The only reason they found it is because we knew to look outside the box everyone else searches in.

What You Should Expect When You Work With Us

We represent one side. Yours. That's not a marketing angle. It's a structural difference that changes how deals get done.

When a landlord's broker tells you $32 per square foot is market rate for Class A office in Windward, we pull the comps and show you that three buildings leased in the past 90 days between $28 and $30. When they say the tenant improvement allowance is $40 per square foot, we show you where other tenants negotiated $55.

Most of our clients are CFOs, VPs of operations, or business owners who have done this before and know the difference between a broker who's trying to close a deal and a broker who's trying to get the deal right.

We don't work fast. We work thoroughly. If you need someone to show you three buildings tomorrow and push you toward a lease by Friday, we're the wrong fit. If you're making a seven-figure commitment and you want someone who knows the difference between Central Alpharetta and Windward, knows why McFarland matters, and knows which landlords actually negotiate, we should talk.

Market Data That Actually Matters

Office rates in Alpharetta depend entirely on submarket and building class. Windward Class A runs $32 to $38 per square foot full service. Central Alpharetta Class B runs $24 to $28. The difference isn't just rent. It's parking ratios, after-hours HVAC costs, janitorial, and whether you're actually getting the tenant improvement allowance you need to make the space work.

Industrial space in Alpharetta proper runs $9 to $12 per square foot triple net when you can find it. Forsyth County runs $8 to $10 for newer product with better specs. Operating expenses add another $3.50 to $4.50 depending on the building.

Landlord concessions in the office market are real right now. Three to six months of free rent on a five-year term is standard if you're creditworthy and you know how to ask for it. Tenant improvement allowances in Class A buildings can go north of $50 per square foot if you're taking enough space and the landlord needs to fill vacancy.

None of that shows up on LoopNet. You find it by knowing who to call and what to ask.

What Happens Next

If you're evaluating office or industrial space in Alpharetta, North Fulton, or Forsyth County, we can help you figure out whether the options you're looking at make sense or whether you're about to overpay for the wrong space in the wrong location.

Cumberland & Worthy is a proud member of the Greater North Fulton Chamber of Commerce.