JLL’s Q2 2024 Savannah Industrial Market Dynamics reports, more than 9.8 million square feet of deals have been signed so far this year, a 156% increase year-over-year.

In Q2, Savannah saw 3.3 million square feet of quarterly net absorption. When combined with Q1’s volumes, year-to-date absorption reached the second-largest volume at the mid-year mark ever recorded. So far this year, there have been 10 total move-ins at 5.1 million square feet.

Savannah’s industrial inventory is growing to meet the unprecedented tenant demand. In Q1 2025, VanTrust will deliver a 2 million-square-foot, build-to-suit warehouse at Interstate West, which has already been leased to Burlington Stores Inc. Earlier this year, CRG sold 77 acres within its 764-acre The Cubes at West Port industrial park to Lecangs, a global third-party logistics user where a new 1 million-square-foot industrial facility will be developed.

As the single largest and fastest-growing container terminal in America, the Port of Savannah continues to set records, with total TEUs handled up 22.4% year-over-year as of May 2024.