![]() |
|
|
![]() Find Sites/BuildingsOur online real estate tool can help you locate appropriate office and industrial properties as well as available land throughout the three-county Charleston region. This database is updated regularly, so please visit often as new properties become available.Search Office & Industrial Real Estate
For additional property information or specific recommendations based on your project parameters, please contact Hank Taylor, V.P. Global Business Development for the Charleston Regional Development Alliance, at 843.760.4526 or htaylor@crda.org. |
![]()
|
| By Submarket (All Property Types) | Total Square Feet | Total Square Meters | Vacant Square Feet | Vacant Square Meters | % Vacant | Absorption (Quarter), Square Feet | Absorption (Quarter), Square Meters | Average Asking Rent |
|---|---|---|---|---|---|---|---|---|
| Berkeley | 8,150,430 | 757,175 | 815,043 | 75,717 | 10.0% | 6,000 | 557 | $3.30 |
| Downtown | 2,923,182 | 271,564 | 157,852 | 14,664 | 5.4% | -43,661 | -4,056 | $3.95 |
| East Cooper/Clements Ferry | 4,174,817 | 387,840 | 367,384 | 34,130 | 8.8% | 123,500 | 11,473 | $4.90 |
| North Charleston | 18,123,870 | 1,683,708 | 1,431,786 | 133,013 | 7.9% | -131,812 | -12,245 | $4.35 |
| Summerville | 8,964,308 | 832,784 | 1,299,825 | 120,754 | 14.5% | -588 | -55 | $3.54 |
| West Ashley/Islands | 1,219,433 | 113,285 | 131,699 | 12,235 | 10.8% | -5,050 | -469 | $4.30 |
| Total MSA | 43,556,040 | 4,046,356 | 4,203,588 | 390,513 | 9.6% | 126,189 | 11,723 | $4.09 |
| Source: Avison Young, 2/2013. Includes multi-tenant, single-tenant and owner-occupied buildings of 10,000 sq.ft. (929 square meters) or larger. Vacant space includes both vacant direct and vacant sublease space. Absorption is the net change in physically occupied space during a certain period. Asking rents are per square foot per year, a blended rate of triple-net (all costs including, but not limited to, real estate taxes, insurance and common area maintenance are borne by the tenant on a pro rata basis) and modified gross rates where the landlord pays base year taxes and insurance while the tenant pays increases thereafter. | ||||||||
| By Submarket | Total Square Feet | Total Square Meters | Vacant Square Feet | Vacant Square Meters | % Vacant | Absorption (Quarter), Square Feet | Absorption (Quarter), Square Meters | Asking Rent, Class A |
|---|---|---|---|---|---|---|---|---|
| Downtown (CBD) | 1,686,183 | 156,646 | 158,501 | 14,725 | 9.4% | 280,776 | 26,084 | $29.16 |
| Daniel Island | 1,120,434 | 104,088 | 151,259 | 14,052 | 13.5% | 17,580 | 1,633 | $21.82 |
| Mount Pleasant | 1,513,046 | 140,562 | 158,870 | 14,759 | 10.5% | 13,667 | 1,270 | $23.11 |
| North Charleston | 3,649,905 | 339,076 | 583,985 | 54,252 | 16.0% | 32,004 | 2,973 | $21.58 |
| West Ashley | 1,143,916 | 106,270 | 244,798 | 22,742 | 21.4% | -100,848 | -9,369 | $21.62 |
| Total MSA | 9,113,484 | 846,643 | 1,297,412 | 120,530 | 14.2% | 243,179 | 22,591 | $23.35 |
| Source: Avison Young, 2/2013. Includes tenant-occupied office buildings of at least 20,000 sq.ft. (1,858 square meters) and excludes government and medical office space. Vacant space includes both vacant direct and vacant sublease space. Net Absorption is the net change in physically occupied space over a period of time. Asking rents are per square foot per year, full service. Rates for each building are weighted by the amount of available space in the building. Classifications adhere to BOMA guidelines: Class A properties are the most prestigious buildings competing for premier office users with rents above average for the area, while Class B properties compete for a wide range of users with rents in the average range for the area. | ||||||||
| By Submarket | Total Square Feet | Total Square Meters | Vacant Square Feet | Vacant Square Meters | % Vacant | Absorption (Quarter), Square Feet | Absorption (Quarter), Square Meters | Average Asking Rent | |
|---|---|---|---|---|---|---|---|---|---|
| Downtown Charleston | 1,347,262 | 125,161 | 79,488 | 7,384 | 5.9% | -1,042 | -97 | $28.04 | |
| East Cooper | 3,436,152 | 319,219 | 288,637 | 26,814 | 8.4% | 20,822 | 1,934 | $16.44 | |
| Goose Creek | 931,333 | 86,521 | 85,683 | 7,960 | 9.2% | 6,720 | 624 | $12.35 | |
| Moncks Corner | 419,614 | 38,982 | 37,346 | 3,469 | 8.9% | 0 | 0 | $12.03 | |
| North Charleston | 5,845,720 | 543,067 | 695,641 | 64,625 | 11.9% | 7,960 | 739 | $10.32 | |
| Summerville | 2,809,728 | 261,024 | 207,920 | 19,316 | 7.4% | 12,094 | 1,124 | $19.91 | |
| West Ashley | 4,447,920 | 413,212 | 257,979 | 23,966 | 5.8% | 0 | 0 | $13.03 | |
| West Islands | 1,341,667 | 124,641 | 162,342 | 15,082 | 12.1% | -2,000 | -186 | $10.98 | |
| 0 | |||||||||
| Total MSA | 20,579,396 | 1,911,826 | 1,815,035 | 168,617 | 8.8% | 44,554 | 4,139 | $14.29 | |
| Source: Avison Young, 2/2013. Includes multi-tenant and single-tenant buildings of 30,000 sq.ft. (2787 square meters) or larger, with the exception of shopping malls. Vacant space includes both vacant direct and vacant sublease space. Absorption is the net change in physically occupied space over a period of time. Asking rents are per square foot per year, triple net, where all costs including but not limited to real estate taxes, insurance and common area maintenance are borne by the tenant on a pro rata basis. | |||||||||
| Permits (#) | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 forecast | 2009 forecast |
|---|---|---|---|---|---|---|---|
| Single-Family Units | 5,384 | 7,371 | 8,084 | 7,304 | 5,602 | 4,410 | 4,500 |
| Multi-Family Units | 2,010 | 935 | 2,734 | 1,769 | 1,178 | 1,809 | 1,827 |
| Total Residential Units Permitted | 7,394 | 8,306 | 10,818 | 9,073 | 6,780 | 6,219 | 6,327 |
| Total Non-Residential Permits | 1,043 | 1,214 | 1,461 | 1,357 | 1,278 | 1,342 | 1,352 |
| Sources: BCD Council of Governments; U.S. Census Bureau | |||||||
| Permits ($ Value in Billions) | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 forecast | 2009 forecast |
|---|---|---|---|---|---|---|---|
| Total Residential Permits $ Value | 0.9 | 1.2 | 1.8 | 1.6 | 1.3 | 1.0 | 1.0 |
| Total Non-Residential Permits $ Value | 0.2 | 0.3 | 0.5 | 0.5 | 0.4 | 0.5 | 0.5 |
| Sources: BCD Council of Governments; U.S. Census Bureau | |||||||