Commercial Real Estate Market in Suwanee, GA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
107 active listings and 1,677 off-market properties in Suwanee, GA. Commercial property asks $139/SF to buy and $17.90/SF/Yr to lease.
Market Trends
Suwanee, GA spans 41.7 square miles in Gwinnett County, Georgia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Suwanee, 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 Suwanee, 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 Suwanee, 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 Suwanee, 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 50.5%
- Industrial 17.8%
- Planned_development 14.1%
- Commercial 9.7%
- Civic 2.4%
Largest Zones share of zoned land by district
Residential Single Family District
Light Industry District
Residential Single Family District
Planned Mixed Use Development District
Residential Single Family District Repealed
Suwanee, GA zones 7,217 acres across 17 districts. Commercial zoning covers 9.7% of zoned land, residential 50.5% and industrial 17.8%. The largest single district is Residential Single Family District at 19.1%. For commercial buyers the practical constraint is that only 27.4% of land carries a commercial or industrial designation.
Residential Single Family District (R-100)
District is intended primarily for Single family dwellings and related uses
Market overview
Demographics & Economy
Suwanee, GA has 87,115 residents in 29,306 households. Density runs 2,091 people per square mile. Median household income here is $139,918 and median gross rent $1,872 a month.
87,115
Population
29,306
Households
3
Avg Household Size
39
Median Age
63%
College-Educated
95%
High-School Grad
41.7 sq mi
ZIP Area
2,091
Density / Sq Mi
$139,918
Median Household Income
$60,932
Median Earnings
$1,872
Median Rent
$491,400
Median Home Value
Tools
Lease vs Buy Breakeven
At $17.90/SF/Yr lease vs $139/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 |
|---|---|---|
| Sugar Hill | — | — |
| Buford | — | $15.19 |
| Duluth | — | $16.48 |
| Rest Haven | — | — |
Commercial property in Suwanee, GA asks $139/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Suwanee?
Commercial property in Suwanee, GA asks an average of $139 per square foot. The 5 most recent recorded sales traded at a median of $222/SF. Office carries the highest asking price at $347/SF.
How much does it cost to lease commercial space in Suwanee?
Asking lease rates in Suwanee, GA average $17.90 per square foot per year.
Is it cheaper to lease or buy commercial space in Suwanee?
Buying beats leasing in Suwanee, GA if the property is held longer than 0.9 years, comparing $17.90/SF/Yr asking rent with $139/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 Suwanee?
Suwanee, GA zones 7,217 acres across 17 districts, of which 9.7% is commercial and 17.8% industrial. The largest single district is Residential Single Family District at 19.1% of zoned land. District is intended primarily for Single family dwellings and related uses Residential zoning covers 50.5% and open space 0%.
Where does Realmo's Suwanee market data come from?
Realmo compiles Suwanee, GA figures from 7 recent recorded sales, 54 active sale listings, 53 active lease listings, 1,677 tracked off-market properties, the current Suwanee zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 54 active for-sale and 53 active for-lease listings in Suwanee, 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: 7,217 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
