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Augusta, Georgia: A Premier Destination for Commercial Real Estate

Introduction

Augusta, Georgia, a city known for its vibrant economy and strategic location, is a burgeoning hub for commercial real estate (CRE). With a population of approximately 200,000, Augusta is the second-largest city in Georgia and boasts a diverse economy driven by healthcare, military, and tech industries. Its unique position on the Georgia-South Carolina border enhances its appeal as a commercial real estate destination, offering opportunities across various asset classes, from office and industrial to retail and multifamily properties.

Economic and Industry Overview

Augusta's economy is anchored by several key industries that drive demand for commercial real estate:

Healthcare: Home to the renowned Augusta University and the Medical College of Georgia, the healthcare sector is a significant CRE driver, necessitating medical offices and research facilities.
Military: Fort Gordon, a major military installation, influences the local economy and supports demand for housing and retail.
Technology and Cybersecurity: Augusta is emerging as a tech hub with the Georgia Cyber Center, which spurs demand for office and flex spaces.

Economic development initiatives, such as those led by the Augusta Economic Development Authority, continue to attract diverse industries, further bolstering the CRE market.

Strategic Location and Transportation Infrastructure

Augusta's strategic location and robust transportation infrastructure offer significant logistical advantages:

Highways: Interstate 20 provides direct access to Atlanta and Columbia, SC, facilitating regional connectivity.
Airports: Augusta Regional Airport (AGS) supports passenger and cargo services, enhancing business operations.
Rail Lines: Served by CSX and Norfolk Southern, Augusta's rail infrastructure supports industrial and distribution activities.

These transportation assets position Augusta as a key distribution hub with access to major labor pools and markets.

Commercial Real Estate Inventory & Zoning

Augusta's commercial real estate market is diverse and vibrant:

Submarkets: The Central Business District (CBD) and South Augusta industrial corridors are prominent CRE areas.
Asset Classes: Key classes include industrial, retail, office, and medical spaces, catering to various business needs.
Zoning and Incentives: Recent zoning updates and Opportunity Zones offer incentives for developers. For zoning maps, visit the Augusta Planning & Development Department.

Major Employers and Institutions

Augusta hosts several major employers and institutions that drive CRE demand:

Fort Gordon: A significant military employer.
Augusta University: A leading educational and research institution.
Savannah River Site: A key employer in the region's energy sector.

For a comprehensive list of employers, explore the Augusta Economic Development Authority.

Notable Commercial Developments & Projects

Augusta is home to several significant commercial real estate developments:

Mixed-Use Projects: The Augusta Canal mixed-use development offers retail, office, and residential spaces.
Innovation Zones: The Georgia Cyber Center is a key innovation hub.
Public-Private Partnerships: Ongoing collaborations drive urban renewal and infrastructure projects.

For more details, visit the Augusta Planning & Development Department.

Building Permits, Planning, and Development Tools

Key resources for developers and investors include:

Market Data & Economic Reports

Access available public data sets to gain insights into Augusta's economic landscape:

Brevitas uses AI-powered aggregation from public data and internal insights to provide comprehensive market analysis. Explore Brevitas-powered dashboards for Augusta, Georgia here.