Commercial Real Estate Market in Milledgeville, GA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
43 active listings and 1,200 off-market properties in Milledgeville, GA.
Market Trends
Milledgeville, GA spans 273.2 square miles in Baldwin County, Georgia. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Milledgeville, GA runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in Milledgeville, GA runs 5.4% across the South region in 2025, down from 7% in 2020.
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%.
Multifamily
Multifamily space in Milledgeville, GA has a median asking sale price of $108/SF (based on 3 listings). Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
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
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.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Milledgeville?
What zoning applies to commercial property in Milledgeville?
Where does Realmo's Milledgeville market data come from?
Methodology & data sources
- Asking prices and medians
- There are 29 active for-sale and 14 active for-lease listings in Milledgeville, GA. The sale median is based on 8 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
