Savannah Industrial Market Report
By PropZone Research · Data through Q4 2023 · Aggregated from Cushman & Wakefield, Lee Associates, Colliers
Quarterly industrial market indicators for Savannah, aggregated by PropZone from Cushman & Wakefield, Lee Associates, Colliers. As of Q4 2023, average asking rent was $6.89/SF with a 7.0% vacancy rate.
Projected current industrial pricing — Savannah
indicative confidenceModeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for Savannah industrial yet, so this applies the typical cap rate across comparable industrial markets — treat it as a rough, indicative range that sharpens as sourced cap rates arrive. Projected asking rent × occupancy × net-operating-income margin band ÷ a benchmark cap rate, from Q4 2023 asking-rent data (benchmark cap rate 5.5%–7.3%, asking rent held flat). Assumes ~93% occupancy and a 72–88% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q4 2023 | $6.89/SF | 7.0% | 2K SF | — | Cushman & Wakefield |
| Q4 2023 | $27.00/SF | 4.0% | 3.5M SF | — | Lee Associates |
| Q4 2019 | — | 1.2% | 5.0M SF | — | Cushman & Wakefield |
| Q4 2019 | — | 3.9% | 1.5M SF | — | Colliers |
Frequently asked questions
- What is the average asking rent for industrial space in Savannah?
- As of Q4 2023, the average asking rent for industrial space in Savannah was $6.89/SF, per Cushman & Wakefield.
- What is the industrial vacancy rate in Savannah?
- The industrial vacancy rate in Savannah was 7.0% as of Q4 2023 (Cushman & Wakefield).
- Where does PropZone's Savannah market data come from?
- This report aggregates quarterly industrial market data for Savannah from Cushman & Wakefield, Lee Associates, Colliers.