Tbilisi commissioned 20% less floor space in the first half, and Adjara 72% more

Between January and June 2026 Georgia commissioned 1,459 buildings covering about 1.54 million square metres. Against the same months of 2025 that is 5.3% fewer buildings, down from 1,540, and 3.6% less floor space, down from about 1.60 million square metres — the kind of change that would normally be filed under no news. Then you split it by region. Tbilisi commissioned 466 facilities and 763,719 square metres, down 19.9% from 954,029 a year earlier. Adjara commissioned 50 facilities and 368,970 square metres, up 72% from 214,535. The country stood still because two regions moved hard in opposite directions.

Residential building was the only category that did not shrink. In the first six months 925 residential buildings were commissioned, 1,094,034 square metres, up 1% year on year and 70.7% of all the floor space handed over in the country. The commercial categories went the other way: 20 hotel facilities at 147,294 square metres, down 8.7%; 135 industrial and warehouse facilities at 128,256 square metres, down 22.5%; and 144 retail facilities at 58,207 square metres, down 21.9%. If you are an owner trying to read the market, that split says the competition arriving for your flat is steady, while the competition arriving for your shop unit or your small warehouse has thinned out.

Beyond the capital and the coast, the half-year figures put Mtskheta-Mtianeti on 221 facilities and 97,951 square metres, Kvemo Kartli on 146 facilities and 80,117 square metres, and Kakheti on 176 facilities and 53,441 square metres. Those are small areas spread over a lot of separate buildings, which is what low-rise and private housebuilding looks like in a statistics table, as against the tower-shaped numbers in Tbilisi and Batumi. Mtskheta-Mtianeti commissioned nearly five times as many facilities as Adjara and about a quarter of the floor space.

Commissioning is a legal event, not a commercial one: it records that a building is finished and may be used, and says nothing about whether the flats inside it are sold or occupied. It is also a lagging number, reflecting permits pulled and concrete poured years earlier, so a drop in Tbilisi now describes decisions taken well before 2026. For permits, the forward-looking side of the same picture, Galt & Taggart put national permit volumes at a record 12 million square metres in 2024 and 11.4 million in 2025, with Tbilisi at 6.8 million then 6.4 million and Adjara rising from 1.6 million to 1.9 million. Read together, the two series point the same way: the coast is where the supply is arriving.