2012 Macon Georgia Industrial Real Estate Overview
Industrial/Warehouse occupancy for Middle Georgia increased slightly in 2011. Keep reading for a summary of key 2011 activity and the outlook for 2012.
Industrial Market, 2011
Warehouse/industrial activity increased slightly in 2010 and the trend is expected to continue during 2011. According to the most recent survey of over 17 million square feet of warehouse/industrial space, over 10,000 sf in Bibb County, occupancy is at 76%. However, when the vacant 2.2 million Brown & Williamson Tobacco Plant is removed from the survey the occupancy increases to 88%. There are approximately 30 available warehouse/industrial buildings on the market with over 10,000 square feet.
Industrial Update, 2010
Warehouse/industrial activity remained slow during 2009 and 2010 will likely be slow as well. Occupancy overall remained stable in 2009 compared to 2008.
The inventory of available buildings under 50,000 sf increased again in 2009. Thus, prospects will have more choices in the market.