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Savannah Hits 8.8M Sq Ft Industrial Absorption Record

2/8/2025

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Summary

Story summary

Savannah, Georgia, achieved a record industrial space absorption of 8.8 million square feet in 2024, driven by Hyundai's Metaplant.
The Chatham County Board allocated an extra $1.7 million for improvements to the I-16 and State Route 17 interchange.
The industrial vacancy rate held steady at 8.9%, impacted by ongoing construction and leasing efforts.

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Story summary

Savannah, Georgia, achieved a record industrial space absorption of 8.8 million square feet in 2024, driven by Hyundai's Metaplant.
The Chatham County Board allocated an extra $1.7 million for improvements to the I-16 and State Route 17 interchange.
The industrial vacancy rate held steady at 8.9%, impacted by ongoing construction and leasing efforts.