Charleston Regional Development Alliance

Berkeley, Charleston & Dorchester Counties

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Our 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.

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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. 		related information

Industrial Real Estate StatsOffice Real Estate StatsRetail Real Estate StatsConstruction Costs

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Industrial Market Snapshot By Submarket, Fourth Quarter 2012, Charleston S.C. MSA

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.



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Office Market Snapshot, Fourth Quarter 2012, Charleston S.C. MSA

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.



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Retail Market Snapshot, Fourth Quarter 2012, Charleston S.C. MSA

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.


The average cost for new construction in the Charleston region is approximately 20% lower than the national average, according to the RS Means Construction Cost Index.

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Charleston, SC MSA New Building Permit Activity

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


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Charleston, SC MSA New Building Permit Activity

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