Augusta, GA- March 19, 2019- Blanchard and Calhoun Commercial Real Estate announced today that it has been named Top Leasing Firm and Director Davis Beman has been named Top Industrial Leasing Broker in the 2018 CoStar Power Broker Awards for the Augusta/Richmond County Market. The Awards are presented by CoStar Group, Inc., the leading organization recognizing professionals and firms who closed the highest transaction volume in their respective markets, along with recognizing professionals in several Commercial Real Estate categories including office leasing, retail leasing, industrial leasing and sales.
“We highly value all of our Broker partnerships such as CoStar and are honored to be recognized as Top Leasing Broker and Firm in the Augusta CRE
With the cyber wave beginning to grow, Augusta's apartment market is primed for growth, making our market attractive for investment. Buoyed by two stable industries, Military and Healthcare, Augusta has seen steady, albeit low rent growth for the past decade or so, but with conservative estimates showing Fort Gordon bringing an additional 14,000 employees and dependents to Augusta by 2023, rent growth should exceed the national average for the next few years. Also aiding rent growth is the lack of new development over the past decade, specifically in the luxury market.
There are a few reasons for limited development. First, land prices in the area have been low, keeping new home prices down, thereby making home ownership attractive relative to…