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Savannah Industrial Market: Summer 2023

Check out what's been happening in Savannah, Georgia's industrial market between April and June of 2023.

  • 53% of the Savannah Ind. market is within a 5 Mi. radius of the port entrance.
  • Net absorption of 5 MSF year to date, which is 5% of the market.
  • Major slowdown in absorption in Q2, down 1.7 MSF over recent average.
  • Savannah was averaging 3 MSF of absorption per quarter for the last 9 quarters, Q2 was 45% of average.
  • Under construction square footage (21 MSF) will increase current market place by 21%.
  • Q2 vacancy rate 4.5%, marked the highest since Q3-21 (5.1%).
  • Effingham County under construction pipeline of 7 MSF will cause the market to increase 64% in size.

See all this and more on our Summer 2023 report, detailing Savannah's industrial market.

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