Commercial Real Estate Market in Milledgeville, GA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
193 active listings and 1,202 off-market properties in Milledgeville, GA. Commercial property asks $49/SF to buy and $1.46/SF/Yr to lease.
Market Trends
Milledgeville, GA spans 273.2 square miles in Baldwin County, Georgia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Milledgeville, 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 Milledgeville, GA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Milledgeville, 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 Milledgeville, GA asks $135/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
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 63.7%
- Civic 20.4%
- Commercial 9.6%
- Industrial 5.4%
- Planned_development 0.9%
Largest Zones share of zoned land by district
Agricultural Residential
Office Institutional
Single Family Residential 1
Single Family Residential
Community Commercial
Milledgeville, GA zones 13,086 acres across 16 districts. Commercial zoning covers 9.6% of zoned land, residential 63.7% and industrial 5.4%. The largest single district is Agricultural Residential at 33.1%. For commercial buyers the practical constraint is that only 15% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Milledgeville, GA has 42,492 residents in 19,323 households. Density runs 156 people per square mile. Median household income here is $55,371 and median gross rent $864 a month.
42,492
Population
19,323
Households
2.2
Avg Household Size
38
Median Age
26%
College-Educated
86%
High-School Grad
273.2 sq mi
ZIP Area
156
Density / Sq Mi
$55,371
Median Household Income
$35,797
Median Earnings
$864
Median Rent
$167,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hardwick | — | — |
| Stevens Pottery | — | — |
| Haddock | — | — |
| Ivey | — | — |
Commercial property in Milledgeville, GA asks $49/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Milledgeville?
Commercial property in Milledgeville, GA asks an average of $49 per square foot. The 7 most recent recorded sales traded at a median of $162/SF. Multifamily carries the highest asking price at $135/SF.
How much does it cost to lease commercial space in Milledgeville?
Asking lease rates in Milledgeville, GA average $1.46 per square foot per year.
What zoning applies to commercial property in Milledgeville?
Milledgeville, GA zones 13,086 acres across 16 districts, of which 9.6% is commercial and 5.4% industrial. The largest single district is Agricultural Residential at 33.1% of zoned land. Residential zoning covers 63.7% and open space 0%.
Where does Realmo's Milledgeville market data come from?
Realmo compiles Milledgeville, GA figures from 8 recent recorded sales, 181 active sale listings, 12 active lease listings, 1,202 tracked off-market properties, the current Milledgeville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 181 active for-sale and 12 active for-lease listings in Milledgeville, 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: 13,086 zoned acres across 16 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
