Augusta, GA

Augusta, GA: Emerging Commercial Real Estate Hub in the Southeast

Augusta, Georgia, long renowned for hosting The Masters, is rapidly transforming into a diverse and opportunity-rich commercial real estate market. From industrial expansions to downtown revitalization, here’s what CRE investors should know:

Major Industrial & Manufacturing Investments

GF Casting Solutions, a Swiss firm, is investing $184M to build a metal casting plant in Augusta’s industrial park—creating 350 jobs by 2027. Supported by over $28M in incentives, this highlights Augusta’s ability to attract global manufacturers.

Cyber & Medical Infrastructure Powering Growth

• Fort Gordon and the U.S. Army Cyber Center of Excellence anchor the local tech and cybersecurity ecosystem.

• The Georgia Cyber Center, in Downtown Augusta, draws cyber firms and high-tech professionals.

• Augusta University and the medical district employ over 25,000 people, generating demand for healthcare, office, and service sector real estate.

Retail Market Health & Stability

Retail properties in Augusta maintain a low 3.9% vacancy rate, with 4.1% annual rent growth, and $152M in sales volume in the past year—signaling robust investment potential.
Millions of square feet of retail inventory—like the Augusta Mall (1.1M sq ft)—provide anchor-driven shopping and co-tenancy opportunities .

Commercial Asset Diversity

Augusta’s CRE market spans:

• Office: ~1.9M sq ft across 89 buildings—perfect for coworking, medical, and tech firms.

• Retail: ~2.7M sq ft of retail options in malls, neighborhood centers, and street fronts.

• Industrial: ~3.5M sq ft, with average rents at $9.76/sf and major build-to-suit developments.

Downtown & Adaptive Reuse Momentum

• Historic assets along the Augusta Canal and downtown area—like Enterprise Mill—have been converted into lofts, offices, and cultural centers.

• Opportunity Zones in downtown present prime office and mixed-use redevelopment parcels—like former JC Penney and C&S Bank buildings on Broad Street, priced between $475K–$1.5M.

Placemaking & Amenities Driving Lifestyle Development

• Riverwalk Augusta, spanning the levee along the Savannah River, anchors a downtown revitalization with mixed-use, cultural, and recreational assets.

• While development is ongoing, locals recognize downtown’s potential:

  “Downtown is slowly getting revitalized… the cyber center… bring in young people… It’s changing for the good.”