We Help COmpanies Lease OFFICE SPACE in Kennesaw
Kennesaw Office Space Experts
Providing smart office space strategies for growing businesses
WE WILL FIND THE PERFECT OFFICE SPACE IN Kennesaw FOR YOUR BUSINESS
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We act as as an extension of your internal real estate committee and find the best office space for your business.
Kennesaw Office Leasing: Market Overview & Key Market Indicators
The Kennesaw submarket is located entirely within the 30144 zip code.. We track the submarket in our Knapp Commercial Advisors 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.
Supply of Office Space in the Kennesaw Submarket
We track approximately 4,300,000 square feet on supply within the Kennesaw market. The supply is comprised of three product types: the bulk of the supply exists in Class B mid-rise office buildings; the next largest component consists of single story “flex” product and finally a pool of smaller office buildings and commercial condos
Cost of Office Space in the Kennesaw Submarket
Office Space in Kennesaw costs between $18 and $32 per square foot, depending on the product type. The Class B mid-rise buildings which cater to professional service firms leases for $30-$32, while the single story flex style leases in the $18-$22 per square foot range.
Vacancy within the Kennesaw Office Submarket
The Kennesaw submarket physical vacancy rate is approximately 50% and the economic vacancy is approximately 40%. The variance is due to the sublease market, where space is listed and available, but a tenant is currently paying rent.
Notable office Trends in Kennesaw
Owner Occupants: Over half of the market’s supply, approximately 2,200,000 square feet is owned and occupied by the users. This is higher than in other markets.
New Development: There is no new office development in the pipeline in Kennesaw and we expect several of the buildings to be torn down and converted to other uses in the next few years.
