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Category: Apartments, Multifamily Tags: Apartments, Augusta, Multifamily
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Augusta’s multifamily market has favorable fundamentals – a decreasing vacancy rate, increasing rents, and strong population growth. Augusta holds a large base of government and government-related jobs, helping stabilize the local economy. In 2013, the U.S. Army Cyber Center of Excellence announced its move to Augusta, adding jobs directly from the military and influencing relocation decisions for defense contractors and government agencies. The U.S. Army Cyber Center of Excellence and Fort Gordon employs a total of 25,000 military and civilian workers. Though construction is light, investors are still active in Augusta as they turn to tertriary markets for relatively low pricing and high yields compared to major Southeastern metros.

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