MAY 2026 MARKET SUMMARY
In May 2026, Savannah’s commercial real estate scene was marked by steady performance with some big regional moves to keep things interesting. We saw 21 sales totaling $80.5M in volume—solid performance that reflects the continued stability of our local market. While the numbers were middle-of-the-road compared to some of our record-breaking months, the stories behind the transactions reveal a market that is both maturing and attracting interest from major players.
Retail was the unexpected star of the show this month. Leading the charge, Parker’s Corporation sold leased fee interest in three of its Savannah-area properties. Realty Income Corporation picked these up for a total of $20M (roughly $6.67M per site) as part of a larger multi-state deal. This wasn't just a simple sale; it came with a 20-year triple-net leaseback and built-in 10% rent bumps every five years. It’s a classic example of a local giant leveraging its assets to fuel future growth while ensuring these prime locations remain in their portfolio for the long haul.
The single biggest transaction of the month happened in our Historic District, where the iconic Marshall House was sold by HLC Hotels Inc to Charleston-based Indigo Road Hospitality Group. The 68-room boutique hotel fetched $19M, or about $279,412 per door. It’s a significant transaction that underscores the enduring value of Savannah’s hospitality sector and the appetite that regional experts have for our unique historic assets.
Perhaps the most impactful shift last month didn't happen through a traditional property sale, but through high-level corporate acquisition. Three local industrial assets changed hands as part of Brookfield Asset Management’s $1.2B acquisition of Peakstone Realty Trust. When global heavyweights like Brookfield—one of the world’s largest alternative investment firms—start moving pieces around in our region, it’s a clear signal: Savannah is officially a Tier 1 industrial market.
The momentum is already carrying into June. In a quick "preview" of June’s data, Brookfield has already flipped the largest of those assets—445 Northport Parkway—to EQT Real Estate for $87.5M.