Atlanta's thriving economy is a unique combination of old and new, where an innovative spirit and forward-looking focus build on tradition and history. Alpharetta is a perfect example of the region's innovation and drive as the newest of Atlanta's submarkets but already an economic force that appeals to companies and industries with an eye on the future.
TenantBase's local real estate advisors have an intimate knowledge of Alpharetta's dynamic character and draw. Our unique insights and far-reaching expertise into the area’s commercial real estate market can help turn your organization's new home in Alpharetta into a powerful asset that drives growth and success.
Office Space in Alpharetta
The majority of Alpharetta's rapid economic growth stems from the telecommunications industry as well as the many medical back-office facilities that call the city home. Newer projects are expanding the city's industrial footprint and have found a great deal of success in attracting a well-rounded mix of insurance, finance, technology, and research firms.
The relative youth of many of Alpharetta's commercial properties means the submarket consists almost exclusively of Class A and A- space that caters to mid-sized and larger companies that require both a corporate and back-office presence. Average square footage is approximately 7,500 sq ft with rents around $24/sq ft. Coworking has become a powerful movement in Alpharetta and is the focus of several new developments. A nominal inventory of industrial space as well as limited smaller spaces are available in the area but are hard to find and move very quickly.
Parking is abundant throughout the city with leases typically including at least four spaces per 1,000 sq ft of office space. Newer projects will feature some covered parking but the vast majority remains surface lots. New construction in Alpharetta is concentrating on multifamily rental properties to fill the long-standing shortage of apartments that has made it difficult for entry-level employees to avoid long commutes.
Working in Alpharetta
All of that new residential construction is a significant draw for talent trying to avoid extended commute times, particularly from within the perimeter. A strong reverse-commute community has eased traffic on local highways along with several additional traffic lanes.
The many amenities in and around Alpharetta are another powerful tool to draw talent into the city from throughout the Atlanta MSA. The Avalon development has been a massive success in the area with Phase I leased out immediately and Phase II already under construction. The incredibly popular area provides a vibrant atmosphere, several retail, dining, and entertainment options, as well as single-family residences and luxury apartments.
Convenient access to Lake Lanier and the North Georgia Mountains provides essential green space for local employees and residents. When coupled with an exciting lifestyle and several swimming, tennis, and golf communities, Alpharetta excels in providing employees with a satisfying work/life balance that will continue to make it a favorite amongst Atlanta's many submarkets.
TenantBase’s local expertise in the Alpharetta commercial real estate market can help your company locate the ideal office space for your needs and harness the many benefits that Alpharetta provides.