Warehouse Space in Marietta: A Market Overview
Warehouse Space in Marietta: A Market Overview
At Knapp Commercial Advisors, we closely monitor the Marietta warehouse market, tracking the latest sales data and rental comparables to provide our clients with current insights. Here’s a snapshot of the industrial and warehouse landscape in the Marietta area.
(Note: The following data encompasses all properties with a Marietta address, which may include areas outside the official City of Marietta limits.)
Industrial & Warehouse Property Supply in Marietta:
Freestanding Warehouses: Approximately 410 individual warehouse buildings.
Flex Buildings: Around 140 flex buildings. These properties typically offer a mix of office and warehouse space within individual suites available for lease.
Industrial Office Condos: Roughly 125 individual condo units located within dedicated industrial business parks.
Vacancy Rates for Industrial & Warehouse Properties in Marietta:
Properties Under 100,000 sq ft: The vacancy rate for these industrial properties in Marietta currently hovers around 5%.
Properties 100,000 - 1,000,000 sq ft: The vacancy rate is approximately 10% of the Rentable Building Area (RBA). This figure is influenced by a few speculative construction projects that are anticipated to lease up over the next 1-2 years.
Typical Rental Rates for Warehouse Space in Marietta:
Smaller Suites (under 5,000 sq ft): Rental rates can reach up to $16.00 per square foot (NNN).
Mid-Sized Spaces (approx. 10,000 sq ft): Average rental rates are around $11.00 per square foot (NNN).
(NNN, or Triple Net, means tenants pay base rent plus their pro-rata share of property taxes, insurance, and common area maintenance.)
Warehouse Sales Price Insights in Marietta:
With effective marketing, freestanding warehouses in Marietta are generally expected to sell in the range of $120 to $180 per square foot.
Factors such as the building's age, specific location within Marietta, condition, and other unique features significantly influence the final sales price.
