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Georgia

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Market Overview

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EXPLORE 5 Georgia MARKETSToggle markets

Atlanta
Augusta
Chattanooga
Greenville
Savannah

Atlanta

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VACANCY

Apartment

The average Vacancy Rate was 4.4% in the Atlanta metro

Vacancy in the Atlanta metro drifted downward by 10 basis points.
The Atlanta metro had the lowest vacancy level since year-end 2016.
Vacancy is expected to finish 2022 at 4.5% in the Atlanta metro.

Distribution / Warehousing

The average Vacancy Rate was 6.2% in the Atlanta metro

Vacancy in the Atlanta metro fell by 130 basis points.
The Atlanta metro had the lowest vacancy level since Q3 2009.
Vacancy is expected to finish 2022 at 5.7% in the Atlanta metro.

Flex / R&D

The average Vacancy Rate was 4.8% in the Atlanta metro

Vacancy in the Atlanta metro has been in decline for eight consecutive quarters.
The Atlanta metro was among the 20 lowest vacancies nationally.
Vacancy is expected to finish 2022 at 4.6% in the Atlanta metro.

Office

The average Vacancy Rate was 20.7% in the Atlanta metro

Vacancy in the Atlanta metro fell by 90 basis points.
The Atlanta metro had the lowest vacancy level since Q2 2020.
Vacancy is expected to finish 2022 at 20.9% in the Atlanta metro.

Retail

The average Vacancy Rate was 10.9% in the Atlanta metro

Vacancy in the Atlanta metro drifted upward by 20 basis points.
Vacancy is expected to finish 2022 at 10.9% in the Atlanta metro.

RENT

Apartment

The average Asking Rent was $1,609 in the Atlanta metro

Rent in the Atlanta metro was up 3.3% from Q2 2022.
Rent Has risen for eight consecutive quarters in the Atlanta metro.
Rent is expected to finish 2022 at $1,623 in the Atlanta metro.

Distribution / Warehousing

The average Asking Rent was $5.20 in the Atlanta metro

Rent in the Atlanta metro was up 3.6% from Q2 2022.
Rent has risen in every quarter since Q1 2012 in the Atlanta metro.
Rent is expected to finish 2022 at $5.37 in the Atlanta metro.

Flex / R&D

The average Asking Rent was $7.99 in the Atlanta metro

Rent in the Atlanta metro was up 3.0% from Q2 2022.
Rent has risen in every quarter since year-end 2018 in the Atlanta metro.
Rent is expected to finish 2022 at $8.18 in the Atlanta metro.

Office

The average Asking Rent was $27.52 in the Atlanta metro

Rent in the Atlanta metro was up 0.4% from Q2 2022.
Rent is expected to finish 2022 at $27.61 in the Atlanta metro.

Retail

The average Asking Rent was $19.20 in the Atlanta metro

Rent in the Atlanta metro was up 0.1% from Q2 2022.
Rent Has risen for six consecutive quarters in the Atlanta metro.
Rent is expected to finish 2022 at $19.23 in the Atlanta metro.

Learn more about the Georgia markets from one of our professionals

Learn more about the Georgia markets from one of our professionals.

Augusta

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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.

Learn more about the Georgia markets from one of our professionals

Learn more about the Georgia markets from one of our professionals.

Chattanooga

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VACANCY

Apartment

The average Vacancy Rate was 4.0% in the Chattanooga metro

No vacancy change since Q2 2022 in the Chattanooga metro.
Vacancy is expected to finish 2022 at 3.8% in the Chattanooga metro.

Office

The average Vacancy Rate was 18.3% in the Chattanooga metro

No vacancy change since Q2 2022 in the Chattanooga metro.
The Chattanooga metro had the highest vacancy level since Q3 1999.
Vacancy is expected to finish 2022 at 18.1% in the Chattanooga metro.

Retail

The average Vacancy Rate was 11.5% in the Chattanooga metro

No vacancy change since Q2 2022 in the Chattanooga metro.
Vacancy is expected to finish 2022 at 11.5% in the Chattanooga metro.

RENT

Apartment

The average Asking Rent was $1,088 in the Chattanooga metro

Rent in the Chattanooga metro was up 2.4% from Q2 2022.
Rent has risen in every quarter for the past three years in the Chattanooga metro.
Rent is expected to finish 2022 at $1,093 in the Chattanooga metro.

Office

The average Asking Rent was $16.95 in the Chattanooga metro

The Chattanooga metro remained flat rent since Q2 2022.
Rent is expected to finish 2022 at $17.01 in the Chattanooga metro.

Retail

The average Asking Rent was $12.73 in the Chattanooga metro

The Chattanooga metro remained flat rent since Q2 2022.
Rent is expected to finish 2022 at $12.76 in the Chattanooga metro.

Learn more about the Georgia markets from one of our professionals

Learn more about the Georgia markets from one of our professionals.

Greenville

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VACANCY

Apartment

The average Vacancy Rate was 5.2% in the Greenville metro

Vacancy in the Greenville metro drifted downward by 10 basis points.
The Greenville metro had the lowest vacancy level since Q1 2019.
Vacancy is expected to finish 2022 at 5.3% in the Greenville metro.

Distribution / Warehousing

The average Vacancy Rate was 3.5% in the Greenville metro

Vacancy in the Greenville metro has been in decline for seven consecutive quarters.
The Greenville metro had the lowest vacancy level since Q1 2017.
Vacancy is expected to finish 2022 at 3.3% in the Greenville metro.

Office

The average Vacancy Rate was 21.4% in the Greenville metro

Vacancy in the Greenville metro drifted upward by 30 basis points.
The Greenville metro had the highest vacancy level since year-end 2005.
Vacancy is expected to finish 2022 at 22.1% in the Greenville metro.

Retail

The average Vacancy Rate was 11.6% in the Greenville metro

Vacancy in the Greenville metro drifted upward by 10 basis points.
Vacancy is expected to finish 2022 at 11.6% in the Greenville metro.

RENT

Apartment

The average Asking Rent was $1,204 in the Greenville metro

Rent in the Greenville metro was up 1.7% from Q2 2022.
Rent Has risen for eight consecutive quarters in the Greenville metro.
Rent is expected to finish 2022 at $1,214 in the Greenville metro.

Distribution / Warehousing

The average Asking Rent was $4.93 in the Greenville metro

Rent in the Greenville metro was up 4.2% from Q2 2022.
Rent Has risen for six consecutive quarters in the Greenville metro.
Rent is expected to finish 2022 at $5.09 in the Greenville metro.

Office

The average Asking Rent was $19.24 in the Greenville metro

Rent in the Greenville metro was up 0.4% from Q2 2022.
Rent is expected to finish 2022 at $19.41 in the Greenville metro.

Retail

The average Asking Rent was $12.64 in the Greenville metro

Rent in the Greenville metro was up 0.1% from Q2 2022.
Rent Has risen for seven consecutive quarters in the Greenville metro.
Rent is expected to finish 2022 at $12.67 in the Greenville metro.

Learn more about the Georgia markets from one of our professionals

Learn more about the Georgia markets from one of our professionals.

Savannah

Learn more about the Georgia markets from one of our professionals

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.

Learn more about the Georgia markets from one of our professionals

Learn more about the Georgia markets from one of our professionals.