Commercial Real Estate Market in Madison, GA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
90 active listings and 571 off-market properties in Madison, GA. Commercial property asks $1,101/SF to buy and $10.25/SF/Yr to lease.
Market Trends
Madison, GA spans 229.9 square miles in Morgan County, Georgia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Madison, 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 Madison, GA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Madison, 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 Madison, 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
- Residential 49.7%
- Industrial 29.6%
- Commercial 17.6%
- Civic 3.1%
Largest Zones share of zoned land by district
Estate Lot Residential District
Light Industrial And Manufacturing District
Light Industrial And Limited Commercial District
Medium Lot Residential District
Large Lot Residential District
Madison, GA zones 5,244 acres across 19 districts. Commercial zoning covers 17.6% of zoned land, residential 49.7% and industrial 29.6%. The largest single district is Estate Lot Residential District at 22.2%. For commercial buyers the practical constraint is that only 47.2% of land carries a commercial or industrial designation.
Estate Lot Residential District (R)
To provide for areas of very low density, detached, single family residential development and conditional agricultural uses
Market overview
Demographics & Economy
Madison, GA has 13,631 residents in 5,723 households. Density runs 59 people per square mile. Median household income here is $80,357 and median gross rent $1,104 a month.
13,631
Population
5,723
Households
2.4
Avg Household Size
43
Median Age
34%
College-Educated
93%
High-School Grad
229.9 sq mi
ZIP Area
59
Density / Sq Mi
$80,357
Median Household Income
$44,789
Median Earnings
$1,104
Median Rent
$314,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Buckhead | — | — |
| Rutledge | — | — |
| Bostwick | — | — |
| Farmington | — | — |
Commercial property in Madison, GA asks $1,101/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Madison?
Commercial property in Madison, GA asks an average of $1,101 per square foot. The 3 most recent recorded sales traded at a median of $125/SF, so asking sits 781% above the achieved median.
How much does it cost to lease commercial space in Madison?
Asking lease rates in Madison, GA average $10.25 per square foot per year.
What zoning applies to commercial property in Madison?
Madison, GA zones 5,244 acres across 19 districts, of which 17.6% is commercial and 29.6% industrial. The largest single district is Estate Lot Residential District at 22.2% of zoned land. To provide for areas of very low density, detached, single family residential development and conditional agricultural uses Residential zoning covers 49.7% and open space 0%.
Where does Realmo's Madison market data come from?
Realmo compiles Madison, GA figures from 6 recent recorded sales, 81 active sale listings, 9 active lease listings, 571 tracked off-market properties, the current Madison zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 81 active for-sale and 9 active for-lease listings in Madison, 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: 5,244 zoned acres across 19 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, 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
