Augusta Commercial Real Estate Market
Augusta's commercial real estate market is experiencing a structural transformation driven by Fort Eisenhower's designation as the headquarters for U.S. Army Cyber Command. This designation has triggered billions in military construction, attracted defense contractors including Booz Allen Hamilton, SAIC, Leidos, and dozens of cybersecurity firms, and created demand for office, flex, and technical space that Augusta's market has never seen before. The cyber corridor along Wrightsboro Road and the Gordon Highway has become the city's most dynamic commercial zone, with absorption rates accelerating as contractors establish operations near the base.
Beyond the cyber transformation, Augusta's economy rests on Augusta University and AU Health (the state's only public medical school and health system), the Masters Tournament's annual economic impact, and the Savannah River Site's nuclear operations across the river in Aiken, SC. AU Health's medical campus anchors demand for medical office, research, and clinical space along 15th Street and Walton Way. The Masters — while concentrated in one April week — generates hospitality demand that supports year-round hotel and restaurant investment. Washington Road's retail corridor has benefited significantly from the cyber-driven population growth.
Augusta's cap rates are transitioning — compressing from historical secondary-market levels as the cyber economy injects federal spending, high-income households, and national investor attention into a market that was previously overlooked. Properties near Fort Eisenhower and in the cyber corridor are repricing fastest, while assets in other parts of the metro offer yields that still reflect the pre-cyber market. For sellers, this transition creates a window: properties connected to the cyber narrative command premiums that are growing but haven't fully matured, offering sellers the opportunity to capture appreciation that is still accelerating.
Top Property Types in Augusta
Office & Cyber
Fort Eisenhower's Army Cyber Command designation has created demand for secure office, SCIF-capable facilities, and technology-grade flex space that is unlike anything Augusta's market has seen before. Defense contractors need properties with fiber connectivity, adequate power, physical security features, and proximity to the base. The Wrightsboro Road and Gordon Highway corridors concentrate most of this demand. Properties that can be retrofitted for classified work environments command significant premiums. This demand is driven by federal defense budgets — providing income stability backed by the U.S. government.
Retail & Service
Augusta University Health operates Georgia's only public medical school and a comprehensive health system that generates demand for medical office, research, and clinical space throughout the city. The 15th Street and Walton Way medical corridors house physician practices, specialty clinics, and outpatient facilities affiliated with AU Health. The expanding medical campus is creating new demand in adjacent blocks. Multi-tenant medical buildings with university-affiliated tenants achieve the tightest cap rates in the Augusta market. The combination of academic medicine and clinical care creates a healthcare ecosystem that smaller hospital systems cannot replicate.
Industrial & Manufacturing
Washington Road — Augusta's primary retail corridor and the route to Augusta National Golf Club — serves the growing metro population, cyber-corridor workers, and the annual Masters Tournament visitor surge. The corridor has benefited directly from cyber-related population growth, with new restaurants, retail, and service businesses opening to serve the influx of defense contractor employees and their families. Properties with Washington Road visibility, adequate parking, and restaurant or retail zoning are seeing the strongest demand growth in Augusta's retail market.
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Cap rates are trending downward as cyber investment grows. Fort Eisenhower-adjacent properties command increasingly competitive pricing.
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