{"id":3610,"date":"2023-05-11T13:11:37","date_gmt":"2023-05-11T17:11:37","guid":{"rendered":"https:\/\/www.lee-associates.com\/atlanta\/?p=3610"},"modified":"2025-08-18T16:36:26","modified_gmt":"2025-08-18T20:36:26","slug":"q1-2023-savannah-industrial-market-report-2","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/atlanta\/2023\/05\/11\/q1-2023-savannah-industrial-market-report-2\/","title":{"rendered":"Q1 2023 SAVANNAH INDUSTRIAL MARKET REPORT"},"content":{"rendered":"<div id=\"pl-3610\"  class=\"panel-layout\" ><div id=\"pg-3610-0\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-3610-0-0\"  class=\"panel-grid-cell\" ><div id=\"panel-3610-0-0-0\" class=\"so-panel widget widget_sow-image panel-first-child panel-last-child\" data-index=\"0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-image so-widget-sow-image-default-8b5b6f678277-3610\"\n\t\t\t data-overlay-enabled=\"1\" data-overlay-settings=\"{&quot;enabled_for_widgets&quot;:[&quot;sow-image&quot;,&quot;sow-image-grid&quot;,&quot;sow-simple-masonry&quot;],&quot;theme&quot;:&quot;&quot;,&quot;show_delay&quot;:300,&quot;overlay_color&quot;:&quot;#000000&quot;,&quot;overlay_opacity&quot;:0.8,&quot;overlay_position&quot;:&quot;bottom&quot;,&quot;overlay_size&quot;:0.3,&quot;desktop_show_trigger&quot;:&quot;hover&quot;,&quot;touch_show_trigger&quot;:&quot;touch&quot;,&quot;responsive_breakpoint&quot;:&quot;1024px&quot;,&quot;responsive_breakpoint_unit&quot;:&quot;px&quot;,&quot;overlay_animation&quot;:&quot;fade&quot;,&quot;overlay_animation_onscreen&quot;:false,&quot;font_family&quot;:&quot;&quot;,&quot;text_size&quot;:&quot;15px&quot;,&quot;text_size_unit&quot;:&quot;px&quot;,&quot;text_color&quot;:&quot;#fff&quot;,&quot;text_padding&quot;:&quot;22px 22px 22px 22px&quot;,&quot;text_position&quot;:&quot;middle&quot;,&quot;text_align&quot;:&quot;left&quot;,&quot;text_animation&quot;:&quot;&quot;}\"\n\t\t>\n<div class=\"sow-image-container\">\n\t\t<img \n\tsrc=\"https:\/\/www.lee-associates.com\/atlanta\/wp-content\/uploads\/sites\/77\/2022\/08\/SAVANNAH_Market-Report-Social-Media_q2_2022-e1683818652400.png\" width=\"4500\" height=\"3611\" srcset=\"https:\/\/www.lee-associates.com\/atlanta\/wp-content\/uploads\/sites\/77\/2022\/08\/SAVANNAH_Market-Report-Social-Media_q2_2022-e1683818652400.png 4500w, https:\/\/www.lee-associates.com\/atlanta\/wp-content\/uploads\/sites\/77\/2022\/08\/SAVANNAH_Market-Report-Social-Media_q2_2022-e1683818652400-512x411.png 512w, https:\/\/www.lee-associates.com\/atlanta\/wp-content\/uploads\/sites\/77\/2022\/08\/SAVANNAH_Market-Report-Social-Media_q2_2022-e1683818652400-1280x1027.png 1280w, https:\/\/www.lee-associates.com\/atlanta\/wp-content\/uploads\/sites\/77\/2022\/08\/SAVANNAH_Market-Report-Social-Media_q2_2022-e1683818652400-768x616.png 768w, https:\/\/www.lee-associates.com\/atlanta\/wp-content\/uploads\/sites\/77\/2022\/08\/SAVANNAH_Market-Report-Social-Media_q2_2022-e1683818652400-1536x1233.png 1536w, https:\/\/www.lee-associates.com\/atlanta\/wp-content\/uploads\/sites\/77\/2022\/08\/SAVANNAH_Market-Report-Social-Media_q2_2022-e1683818652400-2048x1643.png 2048w\" sizes=\"(max-width: 4500px) 100vw, 4500px\" title=\"SAVANNAH_Market Report Social Media_q2_2022\" alt=\"\" \t\tclass=\"so-widget-image\"\/>\n\t<\/div>\n\n<\/div><\/div><\/div><div id=\"pgc-3610-0-1\"  class=\"panel-grid-cell\" ><div id=\"panel-3610-0-1-0\" class=\"so-panel widget widget_sow-editor panel-first-child\" data-index=\"1\" style=\"margin-bottom: 30px\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<div class=\"page\" title=\"Page 1\">\n<div class=\"section\">\n<div class=\"layoutArea\">\n<div class=\"column\">\n<p class=\"p2\">The rapid growth in goods spending and increased imports to the fast-growing Port of Savannah has led to record demand for industrial space. After decreasing for three consecutive quarters, vacancy has increased to 2.7% in Q1 due to the timing of new deliveries. Leasing activity rebounded in Q1 with record absorption after a considerable slowdown in the second half of 2022. The largest leasing transaction for the quarter was a 1,231,693 SF building to be occupied by Bradshaw Home. There was 28,148,578 SF under construction in Q1, representing a 25.7% expansion of total inventory in this growing market. The future trajectory for Savannah is one of growth as developers look to satisfy tenant demand. While more than 30 MSF has been added to the inventory in just the last two years, suitable space options for tenants continue to shrink.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div><div id=\"panel-3610-0-1-1\" class=\"so-panel widget widget_sow-button panel-last-child\" data-index=\"2\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-button so-widget-sow-button-leeassoc-206e7d5f34db-3610\"\n\t\t\t\n\t\t><div class=\"leeassoc-so-btn-base ow-button-base ow-button-align-center\">\r\n\t<a href=\"https:\/\/www.lee-associates.com\/atlanta\/wp-content\/uploads\/sites\/77\/2023\/05\/Q1_2023_Savannah-Industrial-Market-Report.pdf\" class=\"sowb-button ow-icon-placement-left ow-button-hover\" target=\"_blank\" rel=\"noopener noreferrer\" \t\t>\r\n\t\t<span>\r\n\t\t\t\r\n\t\t\tClick For Full Report\t\t<\/span>\r\n\t<\/a>\r\n<\/div><\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>The rapid growth in goods spending and increased imports to the fast-growing Port of Savannah has led to record demand for industrial space. After decreasing for three consecutive quarters, vacancy has increased to 2.7% in Q1 due to the timing of new deliveries. Leasing activity rebounded in Q1 with record absorption after a considerable slowdown in the second half of 2022. The largest leasing transaction for the quarter was a 1,231,693 SF building to be&#8230;<\/p>\n","protected":false},"author":161,"featured_media":3150,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,416,9],"tags":[],"class_list":["post-3610","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-industrial","category-research"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.6 (Yoast SEO v28.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Q1 2023 SAVANNAH INDUSTRIAL MARKET REPORT - Atlanta<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lee-associates.com\/atlanta\/2023\/05\/11\/q1-2023-savannah-industrial-market-report-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Q1 2023 SAVANNAH INDUSTRIAL MARKET REPORT\" \/>\n<meta property=\"og:description\" content=\"The rapid growth in goods spending and increased imports to the fast-growing Port of Savannah has led to record demand for industrial space. After decreasing for three consecutive quarters, vacancy has increased to 2.7% in Q1 due to the timing of new deliveries. Leasing activity rebounded in Q1 with record absorption after a considerable slowdown in the second half of 2022. 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