Spotlight Series: Savannah

Recent global investments in Georgia SHAREIt is exciting to expand our portfolio into Savannah. Savannah, a city known for its Southern hospitality, beautiful surroundings, and historic charm, is quickly becoming a top destination for real estate investment. Savannah is a great place to invest in real estate because of its unique blends of economic growth, cultural appeal, and affordability.

The massive investment made by Hyundai Motor Group’s Metaplant America is at the forefront of Savannah’s transformation. This is the first time that I’ve seen this. $7.59 billion dollar investmentThe development of a dedicated EV- and battery plant in Savannah, Georgia will position the Hyundai Group as one of three EV providers of the U.S. This plant is expected create more than 8,500 jobs in the next few years. The Metaplant’s supply chain will hire an additional 5,000 to 7,000 workers and invest another $1 billion into facilities. 

This initiative will not only boost employment but also create a ripple effect of economic prosperity in Savannah and the surrounding areas. An additional $650 MillionAlready, investment in road and Highway Improvement is plannedOther utilities, such as water and sewer infrastructure. 

“According to a recent Center for Automotive Research study, Hyundai’s investments in Georgia are expected to create nearly 40,000 jobs and $4.6 billion in individual earnings yearly.”

Savannah’s appeal to businesses is not new. The city has a diverse array of industries, such as defense, aerospace, film, healthcare and education. This creates a robust labor force with a diverse workforce. Low unemployment rate of only 3.3%. Savannah’s economic stability and resilience is largely due to the contributions of major employers like the Port of Savannah. Walmart, Target and Gulfstream Aerospace Corporation are also important players. 

Adding to Savannah’s appeal is its exceptional healthcare infrastructure, with nationally recognized institutions like the Memorial University Medical Center and the St. Joseph’s Candler Hospital. Savannah’s year-round sun, favorable tax laws, and low cost of living are all factors that make it a magnet for residents.

Savannah’s affordability also adds to its appeal for residents, investors, and businesses. Savannah is a great place for investors from a financial standpoint. The city’s housing prices are around 24% Lower than the national average, and Georgia’s property taxes average just 0.81%(about $800 below the national average). All other living costs are also around 8% lower than the national average. This fosters a high standard of life, and offers a cost-effective entry for real estate investors. 

Real estate investment in Savannah looks promising. Savannah’s attractiveness as a residential hub, combined with major manufacturing investments and a diverse economy will lead to significant property value growth and robust rental markets. 

Savannah offers real estate investors the chance to take advantage of the city’s potential, whether they are seeking immediate cash flow and long-term capital gains. It is a perfect blend of economic prosperity, culture and affordability. This makes it an ideal place to invest in real estate. Savannah’s historic charm and thriving economic climate will welcome investors who are eager to seize the many opportunities in the city and create their own success stories.