Commercial Real Estate Market in Martinez, GA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
62 active listings and 479 off-market properties in Martinez, GA. Commercial property asks $340/SF to buy and $16.89/SF/Yr to lease.
Market Trends
Martinez, GA spans 24.1 square miles in Columbia County, Georgia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Martinez, GA runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail space in Martinez, GA asks $423/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Martinez, 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 space in Martinez, GA asks $196/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Market overview
Demographics & Economy
Martinez, GA has 50,964 residents in 22,219 households. Density runs 2,113 people per square mile. Median household income here is $83,349 and median gross rent $1,211 a month.
50,964
Population
22,219
Households
2.3
Avg Household Size
39
Median Age
39%
College-Educated
91%
High-School Grad
24.1 sq mi
ZIP Area
2,113
Density / Sq Mi
$83,349
Median Household Income
$45,692
Median Earnings
$1,211
Median Rent
$232,000
Median Home Value
Tools
Lease vs Buy Breakeven
At $16.89/SF/Yr lease vs $340/SF buy → buying wins if held > 10.3 years.
At a 5% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Forest Hills | — | — |
| Evans | — | $18.59 |
| North Augusta | — | $19.20 |
| Belvedere | — | — |
Commercial property in Martinez, GA asks $340/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Martinez?
Commercial property in Martinez, GA asks an average of $340 per square foot. The 6 most recent recorded sales traded at a median of $352/SF. Retail carries the highest asking price at $423/SF.
How much does it cost to lease commercial space in Martinez?
Asking lease rates in Martinez, GA average $16.89 per square foot per year.
Is it cheaper to lease or buy commercial space in Martinez?
Buying beats leasing in Martinez, GA if the property is held longer than 10.3 years, comparing $16.89/SF/Yr asking rent with $340/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
Where does Realmo's Martinez market data come from?
Realmo compiles Martinez, GA figures from 6 recent recorded sales, 42 active sale listings, 20 active lease listings, 479 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 42 active for-sale and 20 active for-lease listings in Martinez, 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 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
