MARKET SNAPSHOT

Savannah q2 2025

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AVERAGE RENT

$1,702 Q2 2025

OCCUPANCY RATE

91.4% Q2 2025

NET ABSORPTION

1,041 H1 2025

ANNUAL RENT CHANGE

-0.9% Q2 2025

ANNUAL OCCUPANCY CHANGE

-160 BPS Q2 2025

COMPLETIONS

2,098 H1 2025

KEY TAKEAWAYS
Renter demand is strengthening, with Q2 absorption reaching 634 units—133% above the pre-pandemic average and the second-highest Q2 total in a decade.
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New supply continues to outpace demand, with a record 1,936 units delivered in Q2 and the construction pipeline at 9.6% of base inventory, placing downward pressure on rents and occupancy.
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Following a decline in late 2024, annual rent growth returned to positive territory at 0.4% in Q1 2025, indicating early signs of a pricing recovery as supply-demand dynamics gradually rebalance.
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MARKET OUTLOOK

The Savannah market remains in a state of supply-demand imbalance, with rents and occupancy pressured by persistent new competition that continues to outpace absorption...

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Featured Georgia Research Reports:

David-Huey

David Huey

Senior Director

david.huey@mmgrea.com

Josh Clark

Josh Clark

Associate Advisor

josh.clark@mmgrea.com

Trey Butler

Trey Butler

Associate

trey.butler@mmgrea.com

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