Commercial Real Estate Market in Norcross, GA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
144 active listings and 1,750 off-market properties in Norcross, GA. Commercial property asks $134/SF to buy and $17.31/SF/Yr to lease.
Market Trends
Norcross, GA spans 35.3 square miles in Gwinnett County, Georgia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Norcross, GA asks $347/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 space in Norcross, GA asks $342/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Norcross, 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 Norcross, 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
- Residential 47.9%
- Industrial 26.6%
- Mixed use 10.7%
- Commercial 10.7%
- Civic 4.2%
Largest Zones share of zoned land by district
Light Industrial
Single Family Residence
Planned Residential District
Single Family Residence
General Business
Norcross, GA zones 3,862 acres across 17 districts. Commercial zoning covers 10.7% of zoned land, residential 47.9% and industrial 26.6%. The largest single district is Light Industrial at 25.7%. For commercial buyers the practical constraint is that only 37.2% of land carries a commercial or industrial designation.
Light Industrial (M1)
The M1 light industry district is comprised of lands that are located on, or have ready access to, a major street or state highway and are well adapted to industrial development but whose proximity to residential or commercial districts makes it desirable to limit industrial operations and processes to those that are not objectionable by reason of the emissi…
Market overview
Demographics & Economy
Norcross, GA has 116,981 residents in 46,472 households. Density runs 3,316 people per square mile. Median household income here is $61,224 and median gross rent $1,596 a month.
116,981
Population
46,472
Households
2.5
Avg Household Size
33
Median Age
34%
College-Educated
79%
High-School Grad
35.3 sq mi
ZIP Area
3,316
Density / Sq Mi
$61,224
Median Household Income
$39,432
Median Earnings
$1,596
Median Rent
$332,786
Median Home Value
Tools
Lease vs Buy Breakeven
At $17.31/SF/Yr lease vs $134/SF buy → buying wins if held > 0.9 years.
At a 12.9% 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 |
|---|---|---|
| Peachtree Corners | — | $19.94 |
| Berkeley Lake | — | — |
| Rockbridge | — | — |
| Duluth | — | $16.48 |
Commercial property in Norcross, GA asks $134/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Norcross?
Commercial property in Norcross, GA asks an average of $134 per square foot. The 4 most recent recorded sales traded at a median of $287/SF. Office carries the highest asking price at $347/SF.
How much does it cost to lease commercial space in Norcross?
Asking lease rates in Norcross, GA average $17.31 per square foot per year.
Is it cheaper to lease or buy commercial space in Norcross?
Buying beats leasing in Norcross, GA if the property is held longer than 0.9 years, comparing $17.31/SF/Yr asking rent with $134/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.
What zoning applies to commercial property in Norcross?
Norcross, GA zones 3,862 acres across 17 districts, of which 10.7% is commercial and 26.6% industrial. The largest single district is Light Industrial at 25.7% of zoned land. The M1 light industry district is comprised of lands that are located on, or have ready access to, a major street or state highway and are well adapted to industrial development but whose proximity to residential or commercial districts makes it desirable to limit industrial operations and processes to those that are not objectionable by reason of the emissi… Residential zoning covers 47.9% and open space 0%.
Where does Realmo's Norcross market data come from?
Realmo compiles Norcross, GA figures from 5 recent recorded sales, 66 active sale listings, 78 active lease listings, 1,750 tracked off-market properties, the current Norcross zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 66 active for-sale and 78 active for-lease listings in Norcross, 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: 3,862 zoned acres across 17 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
