10/24/2023 0 Comments Connect savannah dredge report![]() ![]() ![]() Construction is already underway, and the facility should be operating at full capacity, which entails production of 300,000 units annually, by the first half of 2025. In one of the bigger announcements in 2022, Hyundai Motor Group chose a 3,000-acre site in Bryan County, which is close to both the Port of Savannah and Interstate 95, for its $5.5 billion manufacturing plant. “We are seeing nationally now that a tie to a seaport as being key for economic growth and for operational efficiencies for companies.” “It’s hard to say that anything is ‘normal’ right now - there are a lot of new phenomena out there,” says Robert Barrineau, senior vice president of CBRE’s Charleston office. In the Southeast, the elevated demand for new industrial space near the Port of Savannah and Port of Charleston is pushing the boundaries as far as what’s considered normal levels for property performance indicators such as new construction, rent growth and leasing activity. As port authorities around the country invest billions of dollars in infrastructural improvements, industrial users are taking notice and looking for sites near all the action. ![]()
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