APRIL 2026 MARKET SUMMARY

Nationally, April marked a “speed bump” for commercial real estate sales. With rising borrowing costs and volatile Treasury yields weighing on investors, total CRE sales volume fell 33% year over year. The Savannah area market bucked this trend, showing a 53% increase in sales volume compared to April 2025. The number of transactions stayed relatively stable, with 33 transactions in 2025 versus 31 in 2026. Industrial and land transactions drove sales volume in both years.

Interestingly, when just considering just office and retail commercial real estate sales year over year, Savannah area trends align more with the national dip. Office sales are down 77% YOY, while retail sales fell 32%. Multifamily sales are up about 300% YOY in our region, compared to April 2025.

These numbers reflect what investors and brokers are seeing play out in our market—industrial, land, and multifamily deals continue to show strong sales, while office and retail sales lag. The Savannah area’s industry- and land-dominated sales are buffering it from the negative national market trends—for now.

There were several notable sales in April. The highest grossing sale was in Pooler, where local group Reese & Company sold the two-property portfolio of 202 and 217 Bourne Blvd to New York-based Obelisk Real Estate Partners for $27M. Off Quacco Road, Jadian Capital bought two manufactured home sites from Kendall Continental Investment for $10.09M, deploying its recently raised funds targeting “non-traditional” property types. In the hospitality sector, the Olde Harbour Inn sold for $7.45M, or $310k per door, trading hands from The Shaw Tate Group to SPA Properties.

Finally, any foodies in town may be interested to hear that Chiriya Moore, owner of the beloved Chiriya’s Thai Cuisine restaurant, bought the property next door to the restaurant’s location. We don’t know if they’re looking to expand, relocate, or just invest, but we’ll be keeping an eye out for any news!