{"id":3865,"date":"2023-10-20T15:10:09","date_gmt":"2023-10-20T19:10:09","guid":{"rendered":"https:\/\/www.lee-associates.com\/atlanta\/?p=3865"},"modified":"2025-08-18T16:26:42","modified_gmt":"2025-08-18T20:26:42","slug":"q3-2023-savannah-industrial-market-report","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/atlanta\/2023\/10\/20\/q3-2023-savannah-industrial-market-report\/","title":{"rendered":"Q3 2023 SAVANNAH INDUSTRIAL MARKET REPORT"},"content":{"rendered":"<div id=\"pl-3865\"  class=\"panel-layout\" ><div id=\"pg-3865-0\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-3865-0-0\"  class=\"panel-grid-cell\" ><div id=\"panel-3865-0-0-0\" 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-8b5b6f678277-3865\"\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-3865-0-1\"  class=\"panel-grid-cell\" ><div id=\"panel-3865-0-1-0\" 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=\"p1\">While Savannah\u2019s vacancy rate trended upward from record lows due to new industrial supply hitting the market this year, tenant demand rose with 2.4 million SF of deals signed in Q3, more than double the square footage leased last quarter. Net absorption increased to 3.3 million SF, bringing year-to-date 2023 net absorption to 9.6 million SF. With ongoing demand and continued growth at the Georgia Ports, Savannah sees no slowdown for additional development in the future. More than 16.6 million SF of new industrial product has delivered in 2023 year-to-date, a 14% expansion of total Savannah industrial inventory.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div><div id=\"panel-3865-0-1-1\" class=\"so-panel widget widget_sow-button panel-last-child\" data-index=\"2\" style=\"margin: 0px 0px 10px 0px;\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-button so-widget-sow-button-leeassoc-206e7d5f34db-3865\"\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\/10\/Q3_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>While Savannah\u2019s vacancy rate trended upward from record lows due to new industrial supply hitting the market this year, tenant demand rose with 2.4 million SF of deals signed in Q3, more than double the square footage leased last quarter. Net absorption increased to 3.3 million SF, bringing year-to-date 2023 net absorption to 9.6 million SF. With ongoing demand and continued growth at the Georgia Ports, Savannah sees no slowdown for additional development in the&#8230;<\/p>\n","protected":false},"author":161,"featured_media":3150,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,416,5,9],"tags":[],"class_list":["post-3865","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-industrial","category-news","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>Q3 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\/10\/20\/q3-2023-savannah-industrial-market-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Q3 2023 SAVANNAH INDUSTRIAL MARKET REPORT\" \/>\n<meta property=\"og:description\" content=\"While Savannah\u2019s vacancy rate trended upward from record lows due to new industrial supply hitting the market this year, tenant demand rose with 2.4 million SF of deals signed in Q3, more than double the square footage leased last quarter. 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