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Georgia
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VACANCY
Apartment
The average Vacancy Rate was 4.6% in the Atlanta metro
- Vacancy in the Atlanta metro drifted downward by 10 basis points.
- The Atlanta metro had the lowest vacancy level since Q3 2017.
- Vacancy is expected to finish 2022 at 4.4% in the Atlanta metro.
Distribution / Warehousing
The average Vacancy Rate was 7.6% in the Atlanta metro
- Vacancy in the Atlanta metro drifted downward by 10 basis points.
- The Atlanta metro had the lowest vacancy level since Q3 2009.
- Vacancy is expected to finish 2022 at 7.2% in the Atlanta metro.
Flex / R&D
The average Vacancy Rate was 6.0% in the Atlanta metro
- Vacancy in the Atlanta metro has been in decline for six consecutive quarters.
- The Atlanta metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2022 at 5.7% in the Atlanta metro.
Office
The average Vacancy Rate was 22.2% in the Atlanta metro
- Vacancy in the Atlanta metro drifted upward by 40 basis points.
- The Atlanta metro had the highest vacancy level since year-end 1993.
- Vacancy is expected to finish 2022 at 22.0% in the Atlanta metro.
Retail
The average Vacancy Rate was 10.9% in the Atlanta metro
- No vacancy change since year-end 2021 in the Atlanta metro.
- The Atlanta metro had the lowest vacancy level since Q3 2008.
- Vacancy is expected to finish 2022 at 11.1% in the Atlanta metro.
RENT
Apartment
The average Asking Rent was $1,547 in the Atlanta metro
- Rent in the Atlanta metro was up 4.0% from year-end 2021.
- Rent Has risen for six consecutive quarters in the Atlanta metro.
- Rent is expected to finish 2022 at $1,606 in the Atlanta metro.
Distribution / Warehousing
The average Asking Rent was $4.67 in the Atlanta metro
- Rent in the Atlanta metro was up 1.5% from year-end 2021.
- Rent has risen in every quarter since Q1 2012 in the Atlanta metro.
- Rent is expected to finish 2022 at $4.85 in the Atlanta metro.
Flex / R&D
The average Asking Rent was $7.29 in the Atlanta metro
- Rent in the Atlanta metro was up 1.4% from year-end 2021.
- Rent has risen in every quarter since year-end 2018 in the Atlanta metro.
- Rent is expected to finish 2022 at $7.49 in the Atlanta metro.
Office
The average Asking Rent was $27.29 in the Atlanta metro
- Rent in the Atlanta metro was up 0.1% from year-end 2021.
- Rent is expected to finish 2022 at $27.37 in the Atlanta metro.
Retail
The average Asking Rent was $19.11 in the Atlanta metro
- Rent in the Atlanta metro was up 0.1% from year-end 2021.
- Rent is expected to finish 2022 at $19.20 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 3.9% in the Chattanooga metro
- Vacancy in the Chattanooga metro declined by 60 basis points.
- The Chattanooga metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2022 at 3.6% in the Chattanooga metro.
Office
The average Vacancy Rate was 18.3% in the Chattanooga metro
- No vacancy change since year-end 2021 in the Chattanooga metro.
- The Chattanooga metro had the highest vacancy level since Q3 1999.
- Vacancy is expected to finish 2022 at 17.2% in the Chattanooga metro.
Retail
The average Vacancy Rate was 11.5% in the Chattanooga metro
- No vacancy change since year-end 2021 in the Chattanooga metro.
- Vacancy is expected to finish 2022 at 11.5% in the Chattanooga metro.
RENT
Apartment
The average Asking Rent was $1,015 in the Chattanooga metro
- Rent in the Chattanooga metro was up 4.2% from year-end 2021.
- Rent Has risen for ten consecutive quarters in the Chattanooga metro.
- Rent is expected to finish 2022 at $1,043 in the Chattanooga metro.
Office
The average Asking Rent was $16.95 in the Chattanooga metro
- Rent in the Chattanooga metro was up 0.1% from year-end 2021.
- Rent is expected to finish 2022 at $16.95 in the Chattanooga metro.
Retail
The average Asking Rent was $12.72 in the Chattanooga metro
- Rent in the Chattanooga metro was up 0.1% from year-end 2021.
- Rent is expected to finish 2022 at $12.76 in the Chattanooga metro.
VACANCY
Apartment
The average Vacancy Rate was 5.5% in the Greenville metro
- Vacancy in the Greenville metro drifted downward by 30 basis points.
- The Greenville metro had the lowest vacancy level since Q3 2019.
- Vacancy is expected to finish 2022 at 5.1% in the Greenville metro.
Distribution / Warehousing
The average Vacancy Rate was 5.4% in the Greenville metro
- Vacancy in the Greenville metro fell by 230 basis points.
- The Greenville metro had the lowest vacancy level since Q1 2017.
- Vacancy is expected to finish 2022 at 5.4% in the Greenville metro.
Office
The average Vacancy Rate was 21.2% in the Greenville metro
- Vacancy in the Greenville metro rose by 60 basis points.
- The Greenville metro had the highest vacancy level since year-end 2005.
- Vacancy is expected to finish 2022 at 20.7% in the Greenville metro.
Retail
The average Vacancy Rate was 11.7% 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 2020.
- Vacancy is expected to finish 2022 at 12.0% in the Greenville metro.
RENT
Apartment
The average Asking Rent was $1,108 in the Greenville metro
- Rent in the Greenville metro was up 1.6% from year-end 2021.
- Rent Has risen for six consecutive quarters in the Greenville metro.
- Rent is expected to finish 2022 at $1,139 in the Greenville metro.
Distribution / Warehousing
The average Asking Rent was $4.36 in the Greenville metro
- Rent in the Greenville metro was up 1.9% from year-end 2021.
- Greenville metro had its fastest rent rate of increase since Q1 2017.
- Rent is expected to finish 2022 at $4.47 in the Greenville metro.
Office
The average Asking Rent was $19.23 in the Greenville metro
- Rent in the Greenville metro was down 0.1% from year-end 2021.
- Rent is expected to finish 2022 at $19.26 in the Greenville metro.
Retail
The average Asking Rent was $12.63 in the Greenville metro
- Rent in the Greenville metro was up 0.2% from year-end 2021.
- 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.