Insights
Georgia
BACK TO INSIGHTSMarket Overview
BACK TO INSIGHTSEXPLORE 5 Georgia MARKETSToggle markets
VACANCY
Apartment
The average Vacancy Rate was 5.9% in the Atlanta metro
- Vacancy in the Atlanta metro drifted upward by 20 basis points.
- The Atlanta metro had the highest vacancy level since year-end 2013.
Distribution / Warehousing
The average Vacancy Rate was 7.1% in the Atlanta metro
Flex / R&D
The average Vacancy Rate was 4.1% 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.
Office
The average Vacancy Rate was 20.4% in the Atlanta metro
Retail
The average Vacancy Rate was 10.5% in the Atlanta metro
- No vacancy change since Q3 2023 in the Atlanta metro.
- The Atlanta metro had the lowest vacancy level since Q3 2008.
RENT
Apartment
The average Asking Rent was $1,574 in the Atlanta metro
Distribution / Warehousing
The average Asking Rent was $5.65 in the Atlanta metro
- Rent in the Atlanta metro was up 0.7% from Q3 2023.
- Rent has risen in every quarter since Q1 2012 in the Atlanta metro.
Flex / R&D
The average Asking Rent was $8.68 in the Atlanta metro
- Rent in the Atlanta metro was up 1.2% from Q3 2023.
- Rent has risen in every quarter since year-end 2018 in the Atlanta metro.
Office
The average Asking Rent was $27.96 in the Atlanta metro
- Rent in the Atlanta metro was up 0.2% from Q3 2023.
- Rent Has risen for seven consecutive quarters in the Atlanta metro.
Retail
The average Asking Rent was $19.44 in the Atlanta metro
- Rent in the Atlanta metro was up 0.1% from Q3 2023.
- Rent Has risen for eight consecutive quarters 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 5.7% in the Chattanooga metro
- Vacancy in the Chattanooga metro rose by 150 basis points.
- The Chattanooga metro had the highest vacancy level since Q2 2021.
Office
The average Vacancy Rate was 20.5% in the Chattanooga metro
- No vacancy change since Q3 2023 in the Chattanooga metro.
- The Chattanooga metro had the highest vacancy level since Q3 1999.
Retail
The average Vacancy Rate was 11.3% in the Chattanooga metro
RENT
Apartment
The average Asking Rent was $1,163 in the Chattanooga metro
Office
The average Asking Rent was $17.56 in the Chattanooga metro
Retail
The average Asking Rent was $12.89 in the Chattanooga metro
VACANCY
Apartment
The average Vacancy Rate was 6.5% in the Greenville metro
Distribution / Warehousing
The average Vacancy Rate was 6.1% in the Greenville metro
- Vacancy in the Greenville metro drifted upward by 10 basis points.
- The Greenville metro had the highest vacancy level since year-end 2021.
Office
The average Vacancy Rate was 21.5% in the Greenville metro
Retail
The average Vacancy Rate was 10.6% in the Greenville metro
- No vacancy change since Q3 2023 in the Greenville metro.
- The Greenville metro had the lowest vacancy level since year-end 2008.
RENT
Apartment
The average Asking Rent was $1,220 in the Greenville metro
Distribution / Warehousing
The average Asking Rent was $5.17 in the Greenville metro
- Rent in the Greenville metro was up 1.0% from Q3 2023.
- Rent Has risen for eleven consecutive quarters in the Greenville metro.
Office
The average Asking Rent was $20.04 in the Greenville metro
- Rent in the Greenville metro was up 0.1% from Q3 2023.
- Rent Has risen for six consecutive quarters in the Greenville metro.
Retail
The average Asking Rent was $12.70 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.