Commercial Real Estate Market in Savannah, GA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
1,029 active listings and 4,726 off-market properties in Savannah, GA. Commercial property asks $292/SF to buy and $26.64/SF/Yr to lease. Industrial vacancy runs 10.8%, the loosest of the segments tracked here.
Market Trends
Savannah, GA spans 262.3 square miles in Chatham County, Georgia. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Savannah, GA asks $293/SF to buy. Vacancy runs 3.1% in 2025, down from 13.1% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate %
Retail
Retail space in Savannah, GA asks $301/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Savannah, GA runs 10.8% in 2025, up from 2.1% in 2019. Nearly 21.6x the 2021 low of 0.5%.
Vacancy Rate %
Multifamily
Multifamily space in Savannah, GA asks $294/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Open space 23.9%
- Residential 21.1%
- Industrial 18.7%
- Planned_development 15%
- Civic 9.1%
- Commercial 6.6%
- Agricultural 5.4%
- Mixed use 0.2%
Largest Zones share of zoned land by district
Conservation Marsh
Planned Development
Residential Single Family 6
Light Industrial
Heavy Industrial
Savannah, GA zones 73,481 acres across 86 districts. Commercial zoning covers 6.6% of zoned land, residential 21.1%, open space 23.9% and industrial 18.7%. The largest single district is Conservation Marsh at 19.5%. For commercial buyers the practical constraint is that only 25.3% of land carries a commercial or industrial designation.
Light Industrial (I-L)
District is established to provide for a wide range of research and development, light manufacturing and assembly, warehousing, and wholesaling activities as well as some support services
Market overview
Demographics & Economy
Savannah, GA has 260,224 residents in 118,042 households. Density runs 992 people per square mile. Median household income here is $67,080 and median gross rent $1,430 a month.
260,224
Population
118,042
Households
2.2
Avg Household Size
36
Median Age
37%
College-Educated
91%
High-School Grad
262.3 sq mi
ZIP Area
992
Density / Sq Mi
$67,080
Median Household Income
$38,300
Median Earnings
$1,430
Median Rent
$287,759
Median Home Value
Tools
Lease vs Buy Breakeven
At $26.64/SF/Yr lease vs $292/SF buy → buying wins if held > 1.7 years.
The comparison uses county-wide sale comps against Savannah asking rents, so the implied 9.1% gross yield is computed off asking rents rather than a closed-deal cap-rate benchmark. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Pooler | $292 (county avg) | $57.23 |
| Bloomingdale | $292 (county avg) | $25.28 |
| Garden City | $292 (county avg) | $14.67 |
| Port Wentworth | $292 (county avg) | — |
Commercial property in Savannah, GA asks $292/SF. The 4 bordering markets run from $292/SF in Pooler to $292/SF in Pooler, and the city sits in line with their $292/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Savannah?
Commercial property in Savannah, GA asks an average of $292 per square foot. The 5 most recent recorded sales traded at a median of $238/SF, so asking sits 23% above the achieved median. Retail carries the highest asking price at $301/SF.
How much does it cost to lease commercial space in Savannah?
Asking lease rates in Savannah, GA average $26.64 per square foot per year.
What is the office vacancy rate in Savannah?
Office vacancy in Savannah, GA is 3.1% as of 2025, down from 13.1% in 2019.
Which property type has the lowest vacancy in Savannah?
Office has the lowest vacancy in Savannah, GA at 3.1%, inside a 3.1–13.1% band since 2019. For comparison: retail 5.4% (South), industrial 10.8% and multifamily 11.3% (South).
Is it cheaper to lease or buy commercial space in Savannah?
Buying beats leasing in Savannah, GA if the property is held longer than 1.7 years, comparing $26.64/SF/Yr asking rent with $292/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
How does Savannah compare to nearby markets on price?
Savannah, GA asks $292/SF against $292/SF in Pooler, $292/SF in Bloomingdale, $292/SF in Garden City and $292/SF in Port Wentworth.
What zoning applies to commercial property in Savannah?
Savannah, GA zones 73,481 acres across 86 districts, of which 6.6% is commercial and 18.7% industrial. The largest single district is Conservation Marsh at 19.5% of zoned land. Residential zoning covers 21.1% and open space 23.9%.
Where does Realmo's Savannah market data come from?
Realmo compiles Savannah, GA figures from 6 recent recorded sales, 818 active sale listings, 211 active lease listings, 4,726 tracked off-market properties, the current Savannah zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 818 active for-sale and 211 active for-lease listings in Savannah, GA. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Price per square foot
- The county-level $/SF blends closed sales aggregated over the trailing months of available data, not a single day's snapshot — it can differ from any one month's own median.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 73,481 zoned acres across 86 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- the lease-vs-buy comparison mixes county-wide sale comps with city asking rents, retail vacancy is reported at South region level and multifamily vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · report a data issue
