Savannah Industrial Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from Cushman & Wakefield, JLL, Colliers
Quarterly industrial market indicators for Savannah, aggregated by CREhunt from Cushman & Wakefield, JLL, Colliers. As of Q2 2026, average asking rent was $12.05/SF/yr and vacancy was 10.5%, per Cushman & Wakefield.
Projected current industrial pricing — Savannah
Modeled 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 Q2 2026 Cushman & Wakefield asking-rent data (benchmark cap rate 5.5%–7.5%, asking rent held flat). Assumes ~90% occupancy and a 72–88% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 Cushman & Wakefield | $12.05/SF/yr | 10.5% | 107K SF | — | Cushman & Wakefield |
| Q1 2026 JLL | $7.05/SF/yr | 9.8% | 1.8M SF | — | JLL |
| Q4 2025 Colliers | — | 10.0% | 959K SF | — | Colliers |
| Q2 2024 Cushman & Wakefield | $6.54/SF/yr | 7.9% | 6.6M SF | — | Cushman & Wakefield |
| Q4 2023 Cushman & Wakefield | $6.89/SF/yr | 7.0% | 15.6M SF | — | Cushman & Wakefield |
| Q1 2022 Colliers | — | 0.8% | 3.1M SF | — | Colliers |
| Q4 2019 Cushman & Wakefield | — | 1.2% | 5.0M SF | — | Cushman & Wakefield |
| Q4 2019 Colliers | — | 3.9% | 1.5M SF | — | Colliers |
| Q4 2018 Cushman & Wakefield | $4.98/SF/yr | 0.5% | 3.1M SF | — | Cushman & Wakefield |
Industrial asking rents by submarket
The newest asking rent a named brokerage's report published for each Savannah industrial submarket, with its publisher and quarter. Submarkets whose newest figure cannot be attributed, or falls outside a plausible range, are left out.
| Submarket | Asking rent | Source |
|---|---|---|
| Crossroads / Dean Forest | $12.35/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Highway 21 | $6.33/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| I-16 West | $6.32/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| I-95 South | $5.99/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Jasper County | $7.58/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Port Corridor | $11.87/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Southside / Highway 17 | $12.25/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Westside | $11.20/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
How the brokerage sources compare
For Q4 2019, the brokerages CREhunt aggregates for Savannah industrial did not fully agree. On vacancy, the sources span 2.7 points — from 1.2% (Cushman & Wakefield) to 3.9% (Colliers). CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.
| Source | Vacancy | Asking rent | Cap rate |
|---|---|---|---|
| Cushman & Wakefield | 1.2% | — | 10.0% |
| Colliers | 3.9% | — | — |
Per-brokerage figures for Q4 2019, aggregated from published brokerage market reports.
Frequently asked questions
- What is the average asking rent for industrial space in Savannah?
- As of Q2 2026, the average asking rent for industrial space in Savannah was $12.05/SF/yr, per Cushman & Wakefield.
- What is the industrial vacancy rate in Savannah?
- The industrial vacancy rate in Savannah was 10.5% as of Q2 2026 (Cushman & Wakefield).
- Where does CREhunt's Savannah market data come from?
- This report aggregates quarterly industrial market data for Savannah from Cushman & Wakefield, JLL, Colliers.
- How much do brokerage estimates differ for industrial space in Savannah?
- For Q4 2019, the brokerage sources CREhunt aggregates for Savannah did not fully agree. On vacancy, the sources span 2.7 points — from 1.2% (Cushman & Wakefield) to 3.9% (Colliers). CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.