Over the past several years, especially since the Covid pandemic, we have noticed a high demand for Industrial properties in our area. Here are a few factors that can be attributed to the increased demand for industrial flex space and office/warehouse facilities in Georgia:
E-commerce Growth
The rise of e-commerce has driven demand for industrial and warehouse spaces. Companies need locations for last-mile delivery operations and distribution hubs. Georgia's strategic location, particularly Augusta’s proximity to major highways like I-20 and I-95, Atlanta, Savannah, and South Carolina, makes it a prime logistics hub.
Economic Diversification
Georgia's economy is diversifying with growth in industries such as technology, manufacturing, film production, and food processing. These industries often need flex space for production, storage, and office operations.
Increased Business Relocations
Many companies are relocating to Georgia due to its business-friendly climate, lower cost of living, and competitive tax incentives. The influx of businesses requires adaptable spaces for both office and industrial use.
Proximity to Ports
The Port of Savannah, one of the busiest ports in the U.S., enhances Georgia’s attractiveness for industries reliant on imports and exports. This creates demand for warehousing and logistics spaces near transportation hubs.
Hybrid Work Models
Flex space is gaining popularity as companies adopt hybrid work models, requiring smaller offices attached to warehouses. This combination provides flexibility to businesses adapting to post-pandemic operational changes.
Infrastructure Development
Georgia continues to invest in infrastructure improvements, such as expanding highway systems and enhancing port facilities. This boosts the appeal of industrial and flex spaces for logistics and distribution companies.
Speculative Development
Developers are proactively building speculative flex and warehouse spaces due to high demand. These ready-to-occupy spaces attract businesses looking for immediate operational capabilities, further fueling demand.
Georgia's blend of strategic location, growing industries, and favorable business conditions has made it a hotspot for industrial and flex space demand.