Find Your Next Office Space in the Cumberland Galleria Office Submarket
Cumberland & Worthy: Cumberland/Galleria Office Experts
Providing smart office space strategies in one of Metro Atlanta’s most accessible, amenity-rich office submarkets
We will find the perfect office space in Cumberland Galleria for your business.
Cumberland & Worthy enables business leaders to make workspace decisions with confidence.
We simplify your search for the ideal office, acting as your dedicated real estate strategist. From flexible hybrid models to traditional setups, we deliver the optimal space solution tailored precisely to your business needs, ensuring efficiency and future growth.
Providing smart office space strategies for businesses in the 30339 zip code
Cumberland Galleria Office Leasing: Market Overview & Key Market Indicators
The Cumberland|Galleria submarket is located entirely within the 30339 zip code and retains an Atlanta address, which is important for attracting national and international firms that want a recognizable Atlanta address, but with the business friendly and family friendly environment of Cobb County. We track the submarket in Cumberland & Worthy’s proprietary database. All information provided in this report was sourced by us, unless attributed to another source. We do not represent the buildings mentioned, unless otherwise noted.
The Supply of Office Space in the Cumberland Galleria Submarket
We track approximately 18,00,000 square feet on supply within the Cumberland/Galleria submarket. The supply is comprised of three product types: the bulk of the supply exists in Class A and Class B high-rise office buildings; the next largest component consists of Class B and Class C mid-rise buildings and finally a pool of smaller office buildings and commercial condos. The higher quality buildings are found in the southern edge of the market at Galleria on the Park, The Battery, along Cumberland Blvd and in Vinings on Paces Ferry Rd.
The Cost to lease Office Space in the Cumberland Galleria Submarket
The market rent for the submarket ranges from $22 all the way to $44 per square foot on a full service gross basis. Office Buildings located in Galleria on the Park have higher rates, with their top floors asking over $40 per foot. At The Battery, Class A space demands a premium at over $40 per foot. Outside of Piedmont Realty’s Galleria on the Park and the Braves’ Battery buildings, the average rent is $25-$35.
Vacancy within the Cumberland Galleria Office Submarket
The Cumberland Galleria submarket vacancy rate is approximately 25%. The available vacancies are skewed towards older buildings with many of the Class A buildings showing over 80% occupancy.
Notable Office Trends in the Cumberland Galleria Office Submarket
New Development: There are several new development projects proposed or in the works. Not surprisingly, all the projects center around the Braves and The Battery Atlanta. These projects are corporate relocation projects.
Notable Office Landlords within Cumberland Galleria
Piedmont Realty Trust
Pope and Land
Highwoods Properties
Braves Development Company
CP Group
RGRE
Workspace Property Trust
The Simpson Org
the Cumberland Galleria Office Submarket View from the sky
Vinings Office Space: a Micro Market Overview
Supply of office space within the Vinings office Micro Market
The Vinings submarket has an incredibly diverse supply of office space. With about 6 million feet of supply, the market covers from Buckhead to 285. Available options range from individually owned office condos to single story buildings and Class A and Class B office space. Vinings is home to several headquarters locations including The Home Depot.
Cost of Office Space within the Vinings office Micro Market
Office space in the Vinings submarket averages $28 per foot with rates between $22 and $30 per square foot.
Vacancy within the Vinings office Micro Market
This submarket is still recovering from the work from home push but has seen decreases in vacancies as companies return to work. Overall, the physical vacancy rate is around 20%. We’ve found landlords willing to provide tenant improvement allowances have lower vacancies than other buildings.
