Savannah has emerged as one of the most dynamic commercial real estate markets in the Southeast, driven by the Port of Savannah, the fastest-growing port in the United States and the third-busiest container port by volume, and by the arrival of Hyundai's first North American assembly plant in nearby Bryan County. The metro combines a globally significant logistics and manufacturing base with a world-class historic tourism economy and a growing technology and defense sector, creating unusually diversified demand fundamentals for a market of its size.

Savannah Market Overview: Key Metrics

The Savannah commercial real estate market in 2026 reflects a market shaped by Port of Savannah, logistics, automotive manufacturing, healthcare, tourism, military. Here are the key metrics investors and borrowers should know:

  • Multifamily Vacancy: 8.0% — above the national average as new supply is absorbed
  • Industrial Vacancy: 3.5% — among the tightest markets nationally
  • Office Vacancy: 12.5%
  • Retail Vacancy: 5.2%
  • Rent Growth: 5.1% year-over-year
  • Job Growth: 3.2% — outpacing the national average
  • Population Growth: 2.5% annually
  • Median Asking Rent: $1,500

Multifamily Outlook in Savannah

The Savannah multifamily market is absorbing a significant supply wave driven by rapid population growth from port, logistics, and manufacturing employment in-migration, with vacancy near 8.0% as new deliveries are absorbed into a market with rent growth of 5.1%, among the highest of any Southeastern metro. Value-add opportunities in established neighborhoods near the historic district and the Southside residential corridor attract investors seeking above-market yield.

Industrial & Logistics Market

Savannah industrial demand is extraordinary, driven by the Port of Savannah's position as the primary East Coast gateway for Asian manufactured goods. Vacancy near 3.5% is one of the tightest readings of any major Southeastern industrial market, and the Hyundai Metaplant in Bryan County has attracted hundreds of component suppliers requiring industrial real estate within close proximity of the production facility. Port Wentworth and Pooler are the epicenter of industrial investment.

Office & Retail Dynamics

The Savannah office market is performing well, with vacancy near 12.5% reflecting stable demand from port logistics companies, healthcare, professional services, and defense contractors near Hunter Army Airfield. Retail fundamentals are strong, with grocery-anchored centers serving the rapidly growing residential base and historic downtown retail benefiting from one of the strongest tourism economies of any American city.

Financing Landscape in Savannah

Lender appetite for Savannah commercial real estate is among the strongest in the Southeast, reflecting the metro's exceptional industrial fundamentals and the depth of institutional demand for Port Wentworth and Pooler logistics assets. National insurance companies, pension funds, and international capital sources are active buyers for stabilized Class A industrial. Bridge and construction lending for multifamily and light industrial is available from regional Georgia banks and national credit facilities active in the Southeast.

For borrowers in the Savannah-Hinesville-Statesboro area, current commercial mortgage rates range from 5.50% for agency multifamily to higher rates for transitional and value-add projects. Key factors that influence your rate include property type, leverage, sponsor experience, and asset location within the metro.

Top Submarkets to Watch

The Savannah metro features several distinct submarkets that present unique investment opportunities:

  • Downtown Savannah
  • Pooler
  • Garden City
  • Richmond Hill
  • Hinesville
  • Port Wentworth

Each of these submarkets has distinct characteristics in terms of tenant demand, development activity, and pricing. The top investment corridors in Savannah include Port Wentworth industrial, Pooler logistics corridor, Downtown Historic District, Islands multifamily, Georgetown industrial.

Investment Outlook: Savannah 2026

Savannah is positioned as one of the most compelling commercial real estate investment opportunities in the country for 2026 and beyond. The port's continued expansion, the Hyundai supplier ecosystem buildout, ongoing population growth, and a tourism economy with global reach create a multi-decade demand story across industrial, multifamily, and hospitality property types.

CLS CRE in Savannah

CLS CRE provides commercial mortgage brokerage services throughout the Savannah-Hinesville-Statesboro metropolitan area, with access to 1,000+ lenders including banks, life insurance companies, CMBS conduits, agency lenders, debt funds, and credit unions. Whether you're acquiring, refinancing, or developing commercial property in Savannah, our market expertise and lender relationships help you secure the most competitive terms available.

Explore our financing programs for Savannah: