AREAS WE SERVICE . . .
CHEROKEE COUNTY
Based on the most recent data and statistics available, it can be concluded that the commercial real estate market in Cherokee County has exhibited consistent growth in recent years. Notably, various segments within this market have demonstrated significant improvement, including business brokerage, corporate leasing, multifamily, and land county.
Business brokerage transactions in Cherokee County have seen a commendable 7.6% increase in transactions, accompanied by an even more impressive 12.3% increase in transaction value compared to the previous year. This is indicative of a thriving business environment in the county, attracting new investors and stimulating economic activity.
In the realm of corporate leasing, there has been a slight decrease from the previous year. However, despite this dip, the average asking rent for office space stands at $24.50 per square foot, which represents a notable 4.3% increase. This suggests that the demand for commercial real estate in Cherokee County remains strong, despite minor fluctuations.
The multifamily market in Cherokee County has also experienced a robust performance in recent years, with a high demand for rental properties. The average rent for a two-bedroom apartment in 2023 was $1,345, which is a 2.2% increase from the previous year. This points towards a healthy rental market, attracting tenants and investors alike.
Finally, the land market in Cherokee County has also been growing, with a marked increase in demand for commercial land for development. The average price per acre of commercial land in 2023 was $175,000, which is a 6.1% increase from the previous year. This signifies a thriving real estate market, with ample opportunities for commercial development and investment.
Overall, the commercial real estate market in Cherokee County is showing positive growth trends across multiple segments, reflecting a promising outlook for investors and businesses alike.
Cherokee County includes Ball Ground, Canton, Holly Springs, Mountain Park, Nelson, Waleska, and Woodstock.
