Commercial Real Estate Market in Alpharetta, GA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
321 active listings and 3,232 off-market properties in Alpharetta, GA. Commercial property asks $213/SF to buy and $20.85/SF/Yr to lease.
Market Trends
Alpharetta, GA spans 106.5 square miles in Fulton County, Georgia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Alpharetta, GA asks $145/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Retail
Retail vacancy in Alpharetta, GA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Alpharetta, GA runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Alpharetta, GA runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Mixed use 39.9%
- Residential 30.5%
- Civic 16.4%
- Commercial 4.7%
- Agricultural 4.6%
- Industrial 4%
- Open space 0%
Largest Zones share of zoned land by district
Community Unit Plan
Single Family Detached Residential
Office Institutional
Single Family Detached Residential
Agriculture
Community Unit Plan (CUP)
A planned mixed use district which allows the combination of dwelling, For Sale, and dwelling, For Rent,residentialuses, neighborhood shopping use, or office and institutional use in accordance with a specific concept plan
Market overview
Demographics & Economy
Alpharetta, GA has 193,838 residents in 73,862 households. Density runs 1,820 people per square mile. Median household income here is $153,170 and median gross rent $1,920 a month.
193,838
Population
73,862
Households
2.6
Avg Household Size
39
Median Age
71%
College-Educated
96%
High-School Grad
106.5 sq mi
ZIP Area
1,820
Density / Sq Mi
$153,170
Median Household Income
$79,175
Median Earnings
$1,920
Median Rent
$589,202
Median Home Value
Tools
Lease vs Buy Breakeven
At $20.85/SF/Yr lease vs $213/SF buy → buying wins if held > 1.4 years.
At a 9.8% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Milton | — | — |
| Johns Creek | — | $19.78 |
| Roswell | — | $13.77 |
| Woodstock | — | $37.12 |
Commercial property in Alpharetta, GA asks $213/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Alpharetta?
Commercial property in Alpharetta, GA asks an average of $213 per square foot. The 5 most recent recorded sales traded at a median of $448/SF. Office carries the highest asking price at $145/SF.
How much does it cost to lease commercial space in Alpharetta?
Asking lease rates in Alpharetta, GA average $20.85 per square foot per year.
Is it cheaper to lease or buy commercial space in Alpharetta?
Buying beats leasing in Alpharetta, GA if the property is held longer than 1.4 years, comparing $20.85/SF/Yr asking rent with $213/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
Where does Realmo's Alpharetta market data come from?
Realmo compiles Alpharetta, GA figures from 7 recent recorded sales, 180 active sale listings, 141 active lease listings, 3,232 tracked off-market properties, the current Alpharetta zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 180 active for-sale and 141 active for-lease listings in Alpharetta, GA. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 17,141 zoned acres across 28 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
