In the past year, Savannah has witnessed a significant surge in construction activity, marking a milestone for its development sector. The city's construction permits reached an impressive valuation of $930 million, reflecting a robust 5.6 percent growth from the previous year. This achievement not only surpasses the record set in 2022 but also underscores the city's ongoing commitment to progress and expansion.
Residential construction has been a key driver of this momentum. In 2024, the Development Services Department issued a record number of 1,054 permits, with a total construction cost estimated at $250 million. This indicates a strong demand for new housing, contributing significantly to the city's economic vitality and enhancing the quality of life for residents.
The remarkable growth in construction signifies more than just numbers; it represents a positive outlook for Savannah's future. With increased investment in infrastructure and residential projects, the city is poised to attract more businesses and residents. This upward trend exemplifies the community's resilience and dedication to fostering sustainable development, setting a promising path for continued prosperity.