The Port of Savannah’s gravity continues to pull in major logistics and distribution players, solidifying the region’s position as a national industrial powerhouse.
The Signal: In a single week, the Savannah market secured two significant industrial leases: a 320,320-square-foot facility in Rincon and a 56,160-square-foot space at the Central Port Logistics Center, underscoring the relentless demand for Class A bulk space.
Why It Matters
- National Leadership: According to JLL’s Q1 2026 report, Savannah ranked first nationally in net absorption as a percentage of inventory in 2025, achieving 7.9 million square feet of absorption.
- Sustained Rent Growth: The market has experienced a staggering 44% rent growth since 2021, reflecting a compound annual growth rate (CAGR) of 9.5%.
- Supply Constraints: With 2025 completions down over 90% year-over-year, the availability of modern, Class A space is tightening, driving competition for existing assets.
- Port Connectivity: Both newly leased facilities offer immediate access to the Port of Savannah, which handles 39 ship calls, 42 doublestack trains, and 14,000 truck gate moves per week.
What Happened
The Savannah industrial market demonstrated its strength with two major transactions announced in early April 2026. First, Commonwealth Wholesale Corporation (CWC), a leading supplier of health, beauty, and household products, signed a lease for 56,160 square feet in Building 4 at the Central Port Logistics Center. Developed by Capital Development Partners and Stockbridge, the facility is located within Rockingham Farms and features 32-foot clear heights and ESFR fire protection. The lease leaves 112,320 square feet of Class A space available in the building.
Simultaneously, Lee & Associates – Atlanta announced the successful lease of a 320,320-square-foot industrial facility at 3300 Coastal Trade Center Parkway in Rincon, Georgia. The newly constructed asset, delivered in February 2025, provides modern specifications and strong access to key transportation infrastructure.
Who’s Involved
- Central Port Logistics Center: Commonwealth Wholesale Corporation (Tenant), Capital Development Partners (John Knox Porter, CEO), Stockbridge (Partner)
- Rincon Facility: Lee & Associates – Atlanta (Connor Winkler, SIOR, Broker)
- Market Data: JLL Research (Q1 2026 Savannah Industrial Market Dynamics)
Timeline
- 2021-2025: Savannah industrial rents grow by 44%.
- February 2025: The 320,320 SF Rincon facility is delivered.
- 2025: Savannah leads the nation in net absorption as a percentage of inventory.
- April 7, 2026: Both the CWC lease and the Rincon lease are publicly announced.
What to Watch Next
Monitor the remaining 112,320 square feet at Central Port Logistics Center Building 4. As new development completions remain low, expect increased competition and potential rent premiums for the remaining Class A bulk space in the market.
Is your industrial portfolio optimized for Savannah’s explosive growth?
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* Identify off-market industrial opportunities near the Port of Savannah.
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