Commercial Real Estate Market in Newnan, GA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
195 active listings and 1,944 off-market properties in Newnan, GA. Commercial property asks $276/SF to buy and $17.42/SF/Yr to lease.
Market Trends
Newnan, GA spans 242.2 square miles in Coweta County, Georgia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Newnan, GA asks $519/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 space in Newnan, GA asks $186/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 Newnan, 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 Newnan, 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 61.4%
- Open space 14.1%
- Commercial 13.6%
- Industrial 6.8%
- Civic 2.5%
- Planned_development 0.8%
- Mixed use 0.8%
Largest Zones share of zoned land by district
Planned Residential Development District
Suburban Residential Single Family Dwelling District Medium Density
Open Space Conservation And Recreation District
Urban Residential Single Family Dwelling District High Density
General Commercial District
Newnan, GA zones 11,302 acres across 20 districts. Commercial zoning covers 13.6% of zoned land, residential 61.4%, open space 14.1% and industrial 6.8%. The largest single district is Planned Residential Development District at 22.2%. For commercial buyers the practical constraint is that only 20.4% of land carries a commercial or industrial designation.
Open Space Conservation And Recreation District (OCR)
DIVISION I - OPEN SPACE, CONSERVATION, AND RECREATION (OCR) DISTRICT Sec. 9-1. - Purpose and Intent. The Open Space, Conservation, and Recreation (OCR) district is intended to preserve public and private open space and natural areas as identified on the future land use map and/or future development map of the Comprehensive Plan and/or on the Official Zoning…
Market overview
Demographics & Economy
Newnan, GA has 97,164 residents in 39,123 households. Density runs 401 people per square mile. Median household income here is $89,078 and median gross rent $1,442 a month.
97,164
Population
39,123
Households
2.5
Avg Household Size
39
Median Age
34%
College-Educated
91%
High-School Grad
242.2 sq mi
ZIP Area
401
Density / Sq Mi
$89,078
Median Household Income
$48,602
Median Earnings
$1,442
Median Rent
$298,481
Median Home Value
Tools
Lease vs Buy Breakeven
At $17.42/SF/Yr lease vs $276/SF buy → buying wins if held > 4.4 years.
At a 6.3% 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 |
|---|---|---|
| Sargent | — | — |
| Shenandoah | — | — |
| Raymond | — | — |
| Moreland | — | — |
Commercial property in Newnan, GA asks $276/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Newnan?
Commercial property in Newnan, GA asks an average of $276 per square foot. The 6 most recent recorded sales traded at a median of $151/SF, so asking sits 83% above the achieved median. Office carries the highest asking price at $519/SF.
How much does it cost to lease commercial space in Newnan?
Asking lease rates in Newnan, GA average $17.42 per square foot per year.
Is it cheaper to lease or buy commercial space in Newnan?
Buying beats leasing in Newnan, GA if the property is held longer than 4.4 years, comparing $17.42/SF/Yr asking rent with $276/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.
What zoning applies to commercial property in Newnan?
Newnan, GA zones 11,302 acres across 20 districts, of which 13.6% is commercial and 6.8% industrial. The largest single district is Planned Residential Development District at 22.2% of zoned land. Residential zoning covers 61.4% and open space 14.1%.
Where does Realmo's Newnan market data come from?
Realmo compiles Newnan, GA figures from 6 recent recorded sales, 157 active sale listings, 38 active lease listings, 1,944 tracked off-market properties, the current Newnan zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 157 active for-sale and 38 active for-lease listings in Newnan, 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: 11,302 zoned acres across 20 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
