Insights
Georgia
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BACK TO INSIGHTSEXPLORE 5 Georgia MARKETSToggle markets
VACANCY
Apartment
Average Vacancy Rate 5.1%
- Drifted upward by 10 basis points.
- Highest level since Q2 2015.
- Expected to finish 2020 at 6.3%.
Distribution / Warehousing
Average Vacancy Rate 13.4%
- No change since Q1 2020.
- Highest level since year-end 2014.
- Expected to finish 2020 at 14.1%.
Flex / R&D
Average Vacancy Rate 11.8%
- Increased by 50 basis points.
- Among the 20 highest vacancies nationally.
- Expected to finish 2020 at 13.2%.
Office
Average Vacancy Rate 20.8%
- Drifted upward by 30 basis points.
- Among the 20 highest vacancies nationally.
- Expected to finish 2020 at 23.1%.
Retail
Average Vacancy Rate 11.3%
- Drifted upward by 20 basis points.
- Expected to finish 2020 at 13.8%.
RENT
Apartment
Average Asking Rent $1,282
- Down 0.4% from Q1 2020.
- Expected to finish 2020 at $1,265.
Distribution / Warehousing
Average Asking Rent $4.32
- Up 0.2% from Q1 2020.
- Has risen in every quarter since Q1 2012.
- Expected to finish 2020 at $4.17.
Flex / R&D
Average Asking Rent $6.95
- Up 0.3% from Q1 2020.
- Has risen for six consecutive quarters.
- Expected to finish 2020 at $6.62.
Office
Average Asking Rent $26.50
- Up 0.3% from Q1 2020.
- Has risen in every quarter since Q3 2013.
- Expected to finish 2020 at $25.83.
Retail
Average Asking Rent $19.21
- Down 0.5% from Q1 2020.
- Expected to finish 2020 at $17.98.
VACANCY
Distribution / Warehousing
Average Vacancy Rate 30.1%
- Highest in the nation.
- Declined by 340 basis points.
- Expected to finish 2019 at.
RENT
Distribution / Warehousing
Average Asking Rent $2.70
- Up 0.4% from year-end 2018.
- Expected to finish 2019 at.
VACANCY
Apartment
Average Vacancy Rate 6.2%
- Drifted downward by 10 basis points.
- Among the 10 highest vacancies nationally.
- Expected to finish 2020 at 6.5%.
Office
Average Vacancy Rate 15.7%
- No change since Q1 2020.
- Highest level since Q3 2014.
- Expected to finish 2020 at 18.0%.
Retail
Average Vacancy Rate 11.8%
- No change since Q1 2020.
- Lowest level since Q1 2011.
- Expected to finish 2020 at 14.8%.
RENT
Apartment
Average Asking Rent $877
- Fourth fastest rent growth in both the nation and the region.
- Expected to finish 2020 at $858.
Office
Average Asking Rent $16.52
- Up 0.2% from Q1 2020.
- Expected to finish 2020 at $16.44.
Retail
Average Asking Rent $12.77
- Down 0.5% from Q1 2020.
- Expected to finish 2020 at $11.91.
VACANCY
Apartment
Average Vacancy Rate 6.5%
- Drifted downward by 10 basis points.
- Among the 10 highest vacancies nationally.
- Expected to finish 2020 at 9.3%.
Distribution / Warehousing
Average Vacancy Rate 12.2%
- Rose by 60 basis points.
- Among the 20 highest vacancies nationally.
- Expected to finish 2019 at 12.0%.
Office
Average Vacancy Rate 19.2%
- Drifted upward by 20 basis points.
- Highest level since Q2 2018.
- Expected to finish 2020 at 22.0%.
Retail
Average Vacancy Rate 12.2%
- Rose by 60 basis points.
- Expected to finish 2020 at 15.0%.
RENT
Apartment
Average Asking Rent $936
- Down 1.5% from Q1 2020.
- Expected to finish 2020 at $900.
Distribution / Warehousing
Average Asking Rent $4.00
- Up 0.3% from year-end 2018.
- Has risen for six consecutive quarters.
- Expected to finish 2019 at $4.10.
Office
Average Asking Rent $18.59
- Down 0.7% from Q1 2020.
- Expected to finish 2020 at $18.24.
Retail
Average Asking Rent $12.64
- Down 0.5% from Q1 2020.
- Expected to finish 2020 at $12.02.
VACANCY
Distribution / Warehousing
Average Vacancy Rate 10.3%
- Rose by 300 basis points.
- Expected to finish 2019 at.
RENT
Distribution / Warehousing
Average Asking Rent $6.25
- Up 0.3% from year-end 2018.
- Expected to finish 2019 at.