Commercial Real Estate in Macon, GA
Larry E. Crumbley, CCIM, CPM, SIOR, CRE
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Snapshot of Macon Commercial Markets
Updated Jan, 2010
| Macon Area Price Ranges |
Low Rental Rates |
High Rental Rates |
Effective Average Rental Rates |
Vacancy Rate |
| DOWNTOWN OFFICE (full service) | ||||
| New Construction | $16.50 | $18.00 | $17.50 | 16% |
| Class A | $13.50 | $16.50 | $15.00 | 22% |
| Class B | $9.00 | $13.00 | $11.00 | 17% |
| SUBURBAN OFFICE (full service) | ||||
| New Construction | $17.00 | $20.00 | $18.00 | 45% |
| Class A | $14.00 | $19.00 | $17.50 | 18% |
| Class B | $10.00 | $14.00 | $12.00 | 32% |
| INDUSTRIAL SPACE (3Net) | ||||
| Bulk Warehouse | $1.25 | $3.00 | $2.00 | 20% |
| Manufacturing | $3.20 | $4.10 | $4.50 | 30% |
| High Tech/R&D | $3.00 | $10.00 | $7.00 | N/A |
| RETAIL SPACE (3Net) | ||||
| Downtown | $4.00 | $12.00 | $6.00 | 28% |
| Neighborhood Service Centers | $7.00 | $20.00 | $12.00 | 12% |
| Community Power Centers | $6.00 | $29.00 | $19.00 | 20% |
| Regional Malls | $9.00 | $28.00 | $25.00 | 30% |
| (Rental rates/square foot/year) | ||||
| DEVELOPMENT LAND | Low (Price Per Acre) |
High (Price Per Acre) |
||
| Office in CBD (per buildable foot) | $2.00 | $10 | ||
| Land in Office Parks | $95,000 | $600,000 | ||
| Land in Industrial Parks | $20,000 | $60,000 | ||
| Office/Industrial Land-Non Park | $15,000 | $100,000 | ||
| Retail/Commercial Land | $85,000 | $800,000 | ||
| Residential | $3,500 | $15,000 | ||
This information is from resources deemed to be reliable, no warranties or guarantees for accuracy are made by Fickling & Company
A 23,000 sf building with 3,000 sf climate controlled storage available and approximately 300 sf office area and a restroom.
Originally built as Lincoln Mercury Dealership. Contains 25400 sf on 5.7 acres. Modern showroom, parts and service area
Publix anchored center with 2,300 to 15,000 sf spaces available. Some are easily converted to office use. Prices range from $12 to $22 psf. Second floor space is 3000 to 15,000 sf and is served by an elevator.