Savannah Industrial Figures Q3 2026

Market Summary

The Savannah industrial market demonstrated resilience in Q3 2026, characterized by a 10 bps decline in overall vacancy to 10.0% and 1.5 million square feet of positive net absorption. While leasing volume surged 45.4% quarter-over-quarter, the market remains defined by a disciplined construction pipeline, with 5.1 million square feet currently under development. Owner-user acquisitions, highlighted by Amazon’s 1.0 million square foot purchase, were a primary driver of activity. Average asking rents reached $7.32 per square foot, reflecting a steady 4.4% year-over-year increase. As deal volume widens and port infrastructure investments continue to solidify the region’s logistics standing, occupiers and investors should prepare for tightening availability and sustained rent stability through mid-2027.