MARKET SNAPSHOT

Savannah q2 2026

DOWNLOAD THE FULL REPORT

AVERAGE RENT

$1,583 Q2 2026

OCCUPANCY RATE

89.5% Q2 2026

NET ABSORPTION

2,248 T4Q

ANNUAL RENT CHANGE

-5.8% Q2 2026

ANNUAL OCCUPANCY CHANGE

-130 BPS

UNIT COMPLETIONS

2,844 T4Q

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.

Click Here

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.

Click Here

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.

Click Here

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...

READ THE FULL REPORT