Commercial Real Estate Market in Savannah, TN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
140 active listings and 652 off-market properties in Savannah, TN.
Market Trends
Savannah, TN spans 308.2 square miles in Hardin County, Tennessee. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Savannah, TN runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Savannah, TN runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Savannah, TN runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Savannah, TN runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 73.1%
- Industrial 25.6%
- Commercial 1.4%
Largest Zones share of zoned land by district
High Density Residential
General Business
Low Density Residential
Single Family Detached
Medium Density Residential
Savannah, TN zones 4,364 acres across 10 districts. Commercial zoning covers 1.4% of zoned land, residential 73.1% and industrial 25.6%. The largest single district is High Density Residential at 23.8%. For commercial buyers the practical constraint is that only 27% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Savannah, TN has 17,939 residents in 8,696 households. Density runs 58 people per square mile. Median household income here is $51,250 and median gross rent $759 a month.
17,939
Population
8,696
Households
2.1
Avg Household Size
44
Median Age
15%
College-Educated
86%
High-School Grad
308.2 sq mi
ZIP Area
58
Density / Sq Mi
$51,250
Median Household Income
$34,274
Median Earnings
$759
Median Rent
$153,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Crump | — | — |
| Morris Chapel | — | — |
| Adamsville | — | — |
| Saltillo | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Savannah?
Savannah, TN zones 4,364 acres across 10 districts, of which 1.4% is commercial and 25.6% industrial. The largest single district is High Density Residential at 23.8% of zoned land. Residential zoning covers 73.1% and open space 0%.
Where does Realmo's Savannah market data come from?
Realmo compiles Savannah, TN figures from 8 recent recorded sales, 135 active sale listings, 5 active lease listings, 652 tracked off-market properties, the current Savannah zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 135 active for-sale and 5 active for-lease listings in Savannah, TN. 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.
- 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: 4,364 zoned acres across 10 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 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial 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 31 August 2026 · report a data issue
