Both the Brunswick and Savannah Ports are seeing unprecedented growth for the past several years, with 2015 breaking records again according to the Georgia Ports Authority.
This article speaks of the drop in vacancy rate. The vacancy rate for warehouse and distribution center space at the end of the second quarter was 3.72 percent, the lowest since 3.54 percent in 2001. In 2009, the height of the recession for industrial real estate, Savannah’s warehouse vacancy rate was nearly 19 percent.
With this dramatic drop in vacancy, we can expect Commercial Real Estate Industrial Land to become a hot commodity as speculative or built to suit warehouse space begins development.
Driggers Commercial Group can assist with sales, leasing, site analysis and appraisal work throughout the Georgia Coast. Contact us to gain more insight.
Author: Robert Jahn