AREAS WE SERVICE . . .

COBB COUNTY

A recently published report from NAI Brannen Goddard shows impressive growth in the Cobb County commercial real estate market in 2023. The report indicates that the market is set to continue expanding in 2024, which is excellent news for local businesses and investors alike.

One of the report's key findings is the high demand for small businesses and franchises in Cobb County, which is exceeding the supply. This trend has led to a slight increase in the median sales price for small businesses from the previous year, which is an encouraging sign for a healthy market.

The report also highlights the corporate leasing sector in Cobb County, where the vacancy rate for office space decreased from the previous year while the average asking rent increased. This trend is mainly due to the technology sector driving demand for office space, indicating a thriving market.

Furthermore, the vacancy rate for apartments in Cobb County remained low in 2023, with a strong demand for rental properties. The average apartment rent increased from the previous year, indicating a stable rental market.

It is worth noting that land sales in Cobb County witnessed robust growth in 2023, with demand coming from both developers and investors. This trend has resulted in an average price per acre for land in the area to increase from the previous year, indicating a positive outlook for the future.

Overall, the commercial real estate market in Cobb County is experiencing tremendous growth across all sectors, with solid demand for properties and increasing prices. These trends indicate a positive outlook for the future, and investors and businesses can look forward to a thriving market in the coming years.

Cobb County includes Acworth, Austell, Kennesaw, Marietta, Powder Springs, Smyrna, East Cobb, Mableton, and Vinings.