$0
Average Rent
$1,583 average rent in Savannah, Q2 2026
0%
Occupancy Rate
90% occupancy rate Savannah, Q2 2026
0
T4Q Net Absorption
2,248 T4Q net absorption in Savannah, Q2 2026
0%
Annual Rent Change
-6% annual rent change in Savannah, Q2 2026
0
BPS Annual Occupancy Change
-130 BPS annual occupancy change in Savannah, Q2 2026
0
T4Q Unit Completions
2,845 T4Q net absorption in Savannah, Q2 2026
Key Takeaways
- The supply-demand gap has narrowed sharply, from 1,875 units a year ago to roughly 600 units today, as trailing 12-month absorption of 2,248 units continues to close in on the 2,844 units delivered over the same period.
- The under-construction pipeline of 3,053 units (7.4% of inventory) has contracted 20% over the past year, while trailing 12-month starts of 2,386 units suggest supply pressure will persist but gradually diminish.
- Effective rents of $1,583 have declined 5.8% year-over-year, but quarterly losses have decelerated to 0.0%, suggesting the market is nearing a pricing trough as stabilized occupancy of 89.5% reflects a 130 basis point annual decline.
Market Outlook
Savannah’s multifamily market is passing through the most acute phase of its supply cycle. Trailing 12-month completions have fallen 20% from the prior four-quarter period, and the under-construction pipeline has contracted by the same margin, from 3,801 to 3,053 units…
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