Savannah, GA industrial market
The Savannah industrial market remains one of the strongest in the Southeast, driven by record Port of Savannah cargo volumes and proximity to the Hyundai EV manufacturing plant. Vacancy rose through much of 2024-2025 due to a wave of speculative deliveries but began stabilizing near 9.9%-14.1% by early 2026 as new construction slowed. Average sale prices for Class A product tracked around $99-$137 per square foot in 2024-2025, while NNN asking rents for functional warehouse space in the immediate Savannah submarket ranged from roughly $8.54 to $12.00 per square foot annually. Investment activity remains robust with institutional and private buyers active across the Highway 21 corridor and port-adjacent submarkets.
What's driving Industrial prices in Savannah
Average industrial sale prices in Savannah rose from approximately $85-$100 per square foot in early 2024 to $130-$133 per square foot by Q4 2025, reflecting continued institutional demand despite rising vacancy from new supply deliveries.
- Port of Savannah cargo volume growth creating sustained logistics tenant demand along I-16 and I-95 corridors
- Hyundai EV plant generating 8,100 projected jobs and new supplier demand for proximate industrial space
- Elevated vacancy (9.9%-14.1%) from 2023-2025 speculative construction wave pressuring rent growth and lease-up timelines
- Declining new development pipeline in 2025-2026 beginning to rebalance supply and support stabilization
Market intelligence
Tracking this market · 6 comps · latest deal Q4 2025.
This quarter: 0 comps added to our corpus in Q3 2026. Trend medians use closed-deal dates from our growing comp corpus; automated estimates, not an appraisal.
Where these comps are
MomentumPins are geocoded from each comp's public address, so positions are approximate. Comps quoted at the submarket level aren't pinned. The shaded area is Savannah's municipal boundary, coloured to match the momentum read above.
Recent Industrial comps in Savannah, GA
| Address | Date | Type | Size (SF) | Price / Rate | $/SF |
|---|---|---|---|---|---|
| 1001 Gateway Pkwy, Rincon, GA 31326 news | Oct 2024 | Sale | 204800 | $34,100,000 | $166.50 |
| 1000 Gateway Pkwy (Bldg 1E), Rincon, GA 31326 listing | Q4 2025 | Sale | 380800 | $52,509,188 | $137.88 |
| 447 Logistics Dr, Ellabell, GA 31308 news | Jan 2025 | Sale | 2100000 | $205,500,000 | $97.86 |
| Georgia International Trade Center (GITC), Savannah, GA 31408 news | May 2025 | Sale | $309,000,000 (portfolio) | ||
| 231 Bourne Blvd, Savannah, GA 31408 listing | Jun 2025 | Lease | 46200 | $9.00/SF/yr NNN | $9.00 |
| 25 Artley Rd, Savannah, GA 31408 listing | Dec 2024 | Lease | 37500 | $10.50/SF/yr NNN | $10.50 |
| Median of 3 recent sales · $138/SF | $138 | ||||
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Figures are automated estimates derived from public listings, records, and brokerage announcements for Savannah, GA, not an appraisal or a broker opinion of value. Verify independently before relying on them. CompNinja connects owners with licensed local brokers; it is not a brokerage.