Commercial Real Estate Market in Covington, GA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
193 active listings and 1,373 off-market properties in Covington, GA. Commercial property asks $178/SF to buy and $31.15/SF/Yr to lease.
Market Trends
Covington, GA spans 211.5 square miles in Newton County, Georgia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Covington, GA runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Covington, GA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Covington, GA runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Covington, GA runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Industrial 42.5%
- Residential 40.2%
- Mixed use 15.4%
Largest Zones share of zoned land by district
Heavy Industrial District
Neighborhood Residential 2 District
Neighborhood Residential 1 District
Corridor Mixed Use District
Light Industrial District
Covington, GA zones 10,147 acres across 11 districts. The largest single district is Heavy Industrial District at 34.3%. For commercial buyers the practical constraint is that only 42.5% of land carries a commercial or industrial designation.
Heavy Industrial District (M-2)
This zoning district is intended for properties that are located on or have ready access to a major street or state highway and are well adapted to heavy industrial development but whose proximity to residential or commercial districts makes it desirable to limit industrial operation and processes to those that are not objectionable in terms of the emission…
Market overview
Demographics & Economy
Covington, GA has 97,675 residents in 37,382 households. Density runs 462 people per square mile. Median household income here is $72,982 and median gross rent $1,430 a month.
97,675
Population
37,382
Households
2.6
Avg Household Size
37
Median Age
22%
College-Educated
90%
High-School Grad
211.5 sq mi
ZIP Area
462
Density / Sq Mi
$72,982
Median Household Income
$39,086
Median Earnings
$1,430
Median Rent
$232,844
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Oxford | — | — |
| Porterdale | — | — |
| Jersey | — | — |
| Mansfield | — | — |
Commercial property in Covington, GA asks $178/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Covington?
Commercial property in Covington, GA asks an average of $178 per square foot. The 5 most recent recorded sales traded at a median of $185/SF.
How much does it cost to lease commercial space in Covington?
Asking lease rates in Covington, GA average $31.15 per square foot per year.
What zoning applies to commercial property in Covington?
Covington, GA zones 10,147 acres across 11 districts, of which 0% is commercial and 42.5% industrial. The largest single district is Heavy Industrial District at 34.3% of zoned land. This zoning district is intended for properties that are located on or have ready access to a major street or state highway and are well adapted to heavy industrial development but whose proximity to residential or commercial districts makes it desirable to limit industrial operation and processes to those that are not objectionable in terms of the emission… Residential zoning covers 40.2% and open space 0%.
Where does Realmo's Covington market data come from?
Realmo compiles Covington, GA figures from 6 recent recorded sales, 178 active sale listings, 15 active lease listings, 1,373 tracked off-market properties, the current Covington zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 178 active for-sale and 15 active for-lease listings in Covington, GA. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 10,147 zoned acres across 11 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
