The Savannah MSA commercial real estate market maintained a relatively sluggish pace to end the third quarter. Twenty-nine transactions were recorded in September 2026, with the total regional sales volume at just over $132 million. Overall sales volume was down $2.1M from August 2026. Land and industrial sales continued to lead, accounting for a combined 74.8% of total volume. Notably, there were no multifamily transactions recorded in September 2026.
The largest recorded sale of the month was a 346 acre industrial land sale at the northwest corner of Jimmy DeLoach and I-16 (1110 Osteen Road) in Bloomingdale. Hunt Midwest, a national developer based in Kansas City, MO, purchased the property from North Point Industrial for $32.2M or $93K per acre. The “Hunt Crossroads Commerce Center” will be a 280-acre industrial park with up to 1.9 million square feet of Class A industrial space across six planned buildings. The remaining land sales in September heavily favored land designated for industrial use with a few commercial and residential exceptions.
Anyone who spent time in the Savannah restaurant industry, especially before you could get everything online, would have gone to R&R Restaurant Supply at 737 Wheaton Street for one thing or another. After 36 years in business, they sold their 16,000 square foot warehouse in September. The new property owners, Advanced Audio/Visual Rentals, are also a local business that will be operating out of the warehouse. Congratulations to our friends at Colliers who brokered the transaction, and to the buyers and sellers.
Another very special Savannah property traded in September 2026 - The Savannah Cotton Exchange building at 100 East Bay Street. This unique, iconic, historic landmark property was built in the late 19th century when Savannah was the center of the global cotton market. The Exchange closed in 1951 and Solomon’s Lodge, No. 1, Free and Accepted Mason’s have occupied the property for the past 50 years. The new owners already have a demo permit with plans to create a museum at the property.
You may have noticed that we’ve changed our reporting techniques slightly this month. We will now look at the median sale price (per square foot, per acre, and per room) rather than averages. The range of sales prices in each asset class have had such extreme ranges that controlling for outliers to provide a more accurate representation is necessary. The median sales price will help us do so. We’ll also be tracking acreage on land sales and rooms on hospitality sales, again for more accurate reporting. As always, if you would like us to drill down on any of these categories, or have other specific stats you’d like to learn about, let us know.
