Savannah Industrial Market Statistics
Fourth Quarter 2011
The total warehouse/distribution inventory in buildings greater than 100,000 square feet consists of approximately 25.6 million square feet of space in predominantly non-owner occupied facilities and is currently 18.2% vacant which includes 458,805 square feet available for sublease.
| Market/Submarket | Inventory** | Overall Vacancy Rate | Net Rental Rate* |
| Downtown/ Eastside | 3,298,874 | 2.5% | $4.25 |
| Port Corridor | 14,077,074 | 6.1% | $3.79 |
| Crossroads/Dean Forest | 23,521,979 | 13.8% | $3.61 |
| Southside/Highway 17 | 2,327,432 | 29.5% | $4.02 |
| Westside | 2,107,785 | 37.9% | $3.75 |
| CHATHAM COUNTY TOTAL | 45,333,144 | 12.5% | $3.71 |
Savannah Office Market Statistics
Fourth Quarter 2011
Available office space in Metro Savannah remained abundant, resulting in a 25.1% vacancy in our CBD, and a 21.8% vacancy in our Non-CBD (Southside, Westside, Bryan, Effingham and Islands Submarkets). The CBD market, which comprises the core financial, insurance, real estate and legal sectors, witnessed the continued development of the 71,883 square feet (sf) Cay Building on Ellis Square which is anchored by the 45,000 sf U.S. Attorney's office and slated for completion in April 2012. No leases have been announced for the 20,000 sf of speculative office space and/or 7,000 sf of ground floor retail space.
| Market | Inventory | No. of Bldgs | Vacancy Rate | Class A, B, C Gross Rental Rate |
| Historic Downtown CBD | 1,236,797 | 48 | 24.1% | $18.63 |
| Southside | 824,923 | 41 | 20.8% | $19.41 |
| Westside | 734,101 | 29 | 23.4% | $18.91 |
| Effingham County | 239,062 | 25 | 17.0% | $17.75 |
| Bryan County | 171,987 | 18 | 35.0% | $18.11 |
| Islands | 165,320 | 11 | 13% | $20.10 |
| CBD | 1,236,797 | 48 | 24.1% | $18.63 |
| NON-CBD | 2,135,393 | 124 | 21.8% | $18.86 |
| SAVANNAH MSA TOTAL | 3,372,190 | 172 | 22.2% | $18.82 |
