2012 Macon Georgia Office Real Estate Overview
During 2011, the Macon Georgia downtown office market vacancy was basically unchanged, but there were a few profile free standing buildings that became vacant during 2011. Occupancy in the suburban office market improved slightly in 2011. Click to read more.
Office Market Overview, 2011
During 2010 the Macon Georgia downtown office market remained stable with nominal absorption. The suburban office market incurred a slight increase in occupancy compared to 2009.
New turn-key construction costs, including building and land, range from $125 to $180 per square foot for projects under 10,000 square feet. This represents a slight increase over the last 12 months due primarily to increases in key construction materials.
Office Market Overview, 2010
In 2009, the Macon, Georgia downtown office market remained stable. The suburban office market occupancy decreased significantly over the period.
New turn-key construction costs, including building and land, range from $110 to $150 per square foot for projects under 10,000 square feet. This represents about a 20% decrease over the last 12 to 18 months. With the real estate downturn well underway, landlords are offering aggressive incentives to keep existing tenants and land new tenants.