Savannah’s overall vacancy rate for warehouses, distribution centers and similar industrial buildings continued its steady decline in 2013, ending the year much closer to pre-recession levels.

The industrial real estate market’s vacancy dropped to 9 percent at the end of 2013, down from 12 percent in 2012, according to an annual market report prepared by local commercial real estate firm Colliers International.

This marks a recovery from the market’s lowest point in 2010 when vacancy was at its highest, 21.4 percent, and brings it closer to the U.S. national rate of 8.36 percent.

“It’s moving in the right direction,” said David Sink with Colliers International.

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