N Savannah/Garden City

Savannah - GA USA - Industrial Submarket

Industrial real estate intelligence for the N Savannah/Garden City submarket. 32.6M SF of inventory with 8.3% vacancy. Data sourced from various MLS platforms.

32.6MSF

Inventory

3.6MSF

Available

8.3%

Vacancy

10.8%

Availability Rate

$8.36

Asking Rent

4.0%

Rent Growth

-869,911SF

12mo Absorption

326KSF

Under Construction

Market Metrics

12mo Delivered

130K SF

Under Constr % of Inv

1.0%%

Sale Price/SF

$145

Cap Rate

6.7%%

12mo Sales Volume

$45,675,580

Sales Vol Growth

-86.9%

Asset Value

$4,779,618,684

Net Absorption

-869,911 SF

Recent DC Sales in Market

Property	Price	SF	Buyer
5700 Innovation Dr	$7.5M	29,208	Expedient
105 Cabot St	$6.4M	105,731	RJ Kelly Co, Inc.
Airpark Spec Bldg	$2.0M	74,880	One Stop Management
SFO1	$119.3M	26,900	Buyer 1 Altum Digital Infrastructure \| Buyer 2 Igneo Infrastructure Partners
365 Data Centers DAL1001	$59.3M	75,100	Buyer 1 Altum Digital Infrastructure \| Buyer 2 Igneo Infrastructure Partners

Available DC Space in Market

Property	Avail SF	Rent	Owner
Four Overlook Point	863,403	$21.87 - 26.73 (Est.)	Woodcrest Capital LLC
CityPlex Towers 20, 30, & 60	350,444	$14.00 - 19.00	Oral Roberts University
31 Farinella Dr	48,235	$12.40 - 15.16 (Est.)	New Vernon Equities
South Building	610,624	$5.25 - 15.00	UNPPG
Building D	20,678	$10.86 - 13.27 (Est.)	Entrada Partners

Data Centre Development Potential

High vacancy (8.3%) in N Savannah/Garden City may indicate availability of conversion-ready industrial buildings for data centre development. Active construction pipeline of 326K SF indicates developer confidence in the submarket. Negative absorption of 870K SF over 12 months warrants caution, though this may create discounted acquisition opportunities.