Marietta Commercial Real Estate Market
Marietta's commercial real estate market benefits from an economic base that is unusually diversified for an Atlanta suburb. Lockheed Martin's Marietta facility — where F-35 Lightning II fighter jets are assembled — employs over 7,000 workers and anchors a defense manufacturing ecosystem. WellStar Health System's corporate headquarters adds healthcare administration employment. Cobb County government offices generate institutional demand. And the Marietta Square's successful revitalization has created a walkable restaurant, retail, and entertainment district that draws visitors from across the north metro Atlanta area.
The South Marietta Parkway and Cobb Parkway (US-41) corridors concentrate much of the city's commercial inventory, serving both the local population and regional traffic. The Battery at Truist Park — while technically in adjacent Cumberland — generates significant economic spillover into Marietta, particularly for hospitality and restaurant properties. Industrial demand along the Dobbins ARB periphery and South Cobb Drive serves defense contractors, aerospace suppliers, and general manufacturing. WellStar Kennestone Hospital, one of the busiest hospitals in Georgia, anchors medical office demand throughout the Marietta market.
Marietta's buyer pool spans defense-sector investors attracted by Lockheed Martin's stability, healthcare investors targeting WellStar's extensive network, lifestyle investors drawn to the Marietta Square, and Atlanta metro portfolio builders seeking Cobb County's strong demographics. Cap rates reflect the market's proximity to Atlanta and Cobb County's affluent tax base — generally tighter than outer suburbs but offering more yield than intown Atlanta locations. For sellers, Marietta's commercial diversity means multiple potential buyer narratives for most properties.
Top Property Types in Marietta
Office & Defense
The Marietta Square has become one of metro Atlanta's premier dining and entertainment destinations, with restaurants, bars, boutique shops, and event venues creating a walkable commercial district that generates premium rents. The Square benefits from both local foot traffic and destination visitors drawn by the restaurants and the Strand Theatre. Properties with Square frontage, outdoor dining potential, and historic character command significant premiums. The surrounding blocks — extending along Church Street and Cherokee Street — offer secondary retail and office opportunities at more accessible pricing while still benefiting from the Square's gravitational pull.
Retail & Downtown
WellStar Kennestone Hospital is one of the highest-volume hospitals in Georgia, generating extraordinary medical office demand along Church Street Extension, the Powder Springs Street medical corridor, and throughout eastern Marietta. The hospital's emergency department volume — among the state's busiest — creates a referral network that supports hundreds of physician practices and specialty clinics. Multi-tenant medical buildings within the Kennestone orbit achieve cap rates that are among the tightest in the north metro Atlanta medical market. WellStar's corporate HQ presence in Marietta adds healthcare administration office demand.
Medical & Professional
Lockheed Martin's F-35 production facility and Dobbins Air Reserve Base create defense and aerospace industrial demand that distinguishes Marietta from other Atlanta suburbs. Properties along South Cobb Drive and the Dobbins periphery serve defense contractors, aerospace component manufacturers, and military service companies needing base proximity. These tenants are funded by defense budgets rather than consumer spending cycles, providing income stability. Beyond defense, general industrial along the South Marietta Parkway corridor serves distribution and light manufacturing tenants at rents below Atlanta intown levels.
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Cap rates align with inner Atlanta metro pricing, reflecting strong defense and healthcare demand.
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