Insights
Georgia
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BACK TO INSIGHTSEXPLORE 5 Georgia MARKETSToggle markets
VACANCY
Apartment
Average Vacancy Rate 5.6%
- No change since year-end 2020.
- Highest level since year-end 2014.
- Expected to finish 2021 at 5.7%.
Distribution / Warehousing
Average Vacancy Rate 13.0%
- Drifted downward by 20 basis points.
- Expected to finish 2021 at 12.7%.
Flex / R&D
Average Vacancy Rate 11.3%
- Drifted downward by 30 basis points.
- Among the 20 highest vacancies nationally.
- Expected to finish 2021 at 12.2%.
Office
Average Vacancy Rate 22.0%
- Rose by 70 basis points.
- Among the 20 highest vacancies nationally.
- Expected to finish 2021 at 22.8%.
Retail
Average Vacancy Rate 11.3%
- No change since year-end 2020.
- Expected to finish 2021 at 13.4%.
RENT
Apartment
Average Asking Rent $1,290
- Up 0.3% from year-end 2020.
- Expected to finish 2021 at $1,327.
Distribution / Warehousing
Average Asking Rent $4.39
- Up 0.7% from year-end 2020.
- Fastest rate of increase in nine quarters.
- Has risen in every quarter since Q1 2012.
Flex / R&D
Average Asking Rent $6.98
- Up 0.1% from year-end 2020.
- Has risen for nine consecutive quarters.
- Expected to finish 2021 at $7.01.
Office
Average Asking Rent $26.90
- Up 0.3% from year-end 2020.
- Expected to finish 2021 at $26.40.
Retail
Average Asking Rent $19.07
- Down 0.3% from year-end 2020.
- Expected to finish 2021 at $18.36.
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 6.5%
- Rose by 80 basis points.
- Among the 20 highest vacancies nationally.
- Expected to finish 2021 at 6.1%.
Office
Average Vacancy Rate 17.7%
- Rose by 120 basis points.
- Highest level since year-end 2009.
- Expected to finish 2021 at 18.3%.
Retail
Average Vacancy Rate 12.2%
- No change since year-end 2020.
- Highest level since Q1 2019.
- Expected to finish 2021 at 14.4%.
RENT
Apartment
Average Asking Rent $901
- Up 0.6% from year-end 2020.
- Has risen for six consecutive quarters.
- Expected to finish 2021 at $919.
Office
Average Asking Rent $16.99
- Up 0.7% from year-end 2020.
- Expected to finish 2021 at $16.53.
Retail
Average Asking Rent $12.67
- Up 0.2% from year-end 2020.
- Expected to finish 2021 at $12.07.
VACANCY
Apartment
Average Vacancy Rate 6.2%
- Drifted upward by 10 basis points.
- Among the 20 highest vacancies nationally.
- Expected to finish 2021 at 5.6%.
Distribution / Warehousing
Average Vacancy Rate 15.8%
- Declined by 90 basis points.
- Among the 10 highest vacancies nationally.
- Expected to finish 2021 at 14.8%.
Office
Average Vacancy Rate 20.6%
- Drifted upward by 20 basis points.
- Highest level since Q3 2011.
- Expected to finish 2021 at 22.1%.
Retail
Average Vacancy Rate 12.0%
- Declined by 50 basis points.
- Expected to finish 2021 at 14.1%.
RENT
Apartment
Average Asking Rent $937
- Up 0.1% from year-end 2020.
- Expected to finish 2021 at $965.
Distribution / Warehousing
Average Asking Rent $4.12
- Down 0.5% from year-end 2020.
- Expected to finish 2021 at $4.19.
Office
Average Asking Rent $19.02
- Fifth fastest rent growth in the nation, and the second in the South Atlantic region, behind only Memphis.
- Fastest rate of increase in ten quarters.
- Expected to finish 2021 at $18.42.
Retail
Average Asking Rent $12.50
- Up 0.1% from year-end 2020.
- Expected to finish 2021 at $12.10.
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.