Commercial Real Estate Market in Locust Grove, GA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
62 active listings and 340 off-market properties in Locust Grove, GA. Commercial property asks $1,866/SF to buy and $13.60/SF/Yr to lease.
Market Trends
Locust Grove, GA spans 70.7 square miles in Henry County, Georgia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Locust Grove, GA asks $162/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Retail
Retail vacancy in Locust Grove, GA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Locust Grove, 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 Locust Grove, GA runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Market overview
Demographics & Economy
Locust Grove, GA has 29,502 residents in 11,435 households. Density runs 417 people per square mile. Median household income here is $85,458 and median gross rent $1,470 a month.
29,502
Population
11,435
Households
2.6
Avg Household Size
36
Median Age
26%
College-Educated
93%
High-School Grad
70.7 sq mi
ZIP Area
417
Density / Sq Mi
$85,458
Median Household Income
$43,911
Median Earnings
$1,470
Median Rent
$275,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Jenkinsburg | — | — |
| McDonough | — | $12.49 |
| Jackson | — | $16.62 |
| Hampton | — | $13.67 |
Commercial property in Locust Grove, GA asks $1,866/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Locust Grove?
Commercial property in Locust Grove, GA asks an average of $1,866 per square foot. The 7 most recent recorded sales traded at a median of $503/SF, so asking sits 271% above the achieved median. Office carries the highest asking price at $162/SF.
How much does it cost to lease commercial space in Locust Grove?
Asking lease rates in Locust Grove, GA average $13.60 per square foot per year.
Where does Realmo's Locust Grove market data come from?
Realmo compiles Locust Grove, GA figures from 8 recent recorded sales, 56 active sale listings, 6 active lease listings, 340 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 56 active for-sale and 6 active for-lease listings in Locust Grove, 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.
- 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, industrial vacancy is reported at South region level and asking prices run materially above recent closed pricing.
- 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
