MARKET SNAPSHOT

2026 Savannah Forecast

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2025

FORECASTED ANNUAL CHANGE

2026

$1,651

Q4 AVG. EFFECTIVE RENT

ANNUAL CHANGE

$1,668

Q4 Avg. Effective Rent

91.0%

Q4 AVG. OCCUPANCY

ANNUAL CHANGE

91.0%

Q4 Avg. Occupancy

3,730

2025 COMPLETIONS

10 Yr. Avg. Annual Completions

1,033

2026 COMPLETIONS

1,481

2025 NET ABSORPTION

10 Yr. Avg. Annual Absorption

1,723

2026 NET ABSORPTION

Source: CoStar

Key Market Themes for 2026

Supply pressure is set to ease materially in 2026 as deliveries fall well below historical norms, which should improve market balance, but near-term conditions still reflect the lagged impact of the recent supply wave.
Absorptions are projected to increase further even as new supply declines, with the 12-trailing month net total expected to move ahead of deliveries later in 2026, supporting gradual market tightening.
Rent growth is anticipated to recover into modest late-year gains while occupancy stabilizes further, but the recovery will be sensitive to any changes in economic conditions and localized softness in submarkets still seeing new supply.

MARKET OUTLOOK

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Savannah’s short-term outlook is supported by a set of durable, diversified demand drivers, even as the local economy shows a more uneven late-cycle mix. Looking ahead, market conditions are positioned to improve primarily because the supply pipeline is resetting sharply...