Insights
Georgia
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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.
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
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.
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.
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.