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 Property Type, Second Quarter 2011, Charleston S.C. MSA

By Property Type (All Submarkets)  Total Square Feet  Total Square Meters  Vacant Square Feet  Vacant Square Meters  % Vacant  Under Construction Square Feet  Under Construction Square Meters  Asking Rent 
General Industrial 3,225,021 299,604 657,035 61,039 20.4% 958,000 88,998 $4.04
R&D/Flex 4,607,747 428,060 869,752 80,800 18.9% - - $6.57
Warehouse/Distribution 35,044,905 3,255,672 3,822,878 355,145 10.9% 60,000 5,574 $4.07
Total 42,877,673 3,983,336 5,349,665 496,984 12.5% 1,018,000 94,572 $4.48
Source: Grubb & Ellis/WRS, 9/2011. 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. Space under construction includes speculative and build-to-suit for lease projects. Asking rents are per square foot per year, 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). Industrial buildings are categorized as warehouse/distribution or R&D/flex based on their physical characteristics including percent office build-out, clear height, typical bay depth, typical suit size, type of loading and typical uses.
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Industrial Market Snapshot By Submarket, Second Quarter 2011, Charleston S.C. MSA

By Submarket (All Property Types)  Total Square Feet  Total Square Meters  Vacant Square Feet  Vacant Square Meters  % Vacant  Under Construction Square Feet  Under Construction Square Meters  Asking Rent, Warehouse/ Distribution  Asking Rent, R&D/Flex 
Berkeley 8,301,550 771,214 998,424 92,754 12.0% - - $4.55 $7.31
Downtown 2,776,298 257,918 350,720 32,582 12.6% - - $3.95 $6.54
East Cooper/Clements Ferry 3,967,249 368,557 331,821 30,826 8.4% - - $5.00 $7.97
North Charleston 18,577,409 1,725,841 1,971,588 183,161 10.6% 700,000 65,030 $4.08 $6.04
Summerville 8,035,734 746,520 1,493,946 138,788 18.6% 318,000 29,542 $3.56 $6.27
West Ashley 1,219,433 113,285 203,166 18,874 16.7% - - $4.30 $7.21
Total MSA 42,877,673 3,983,336 5,349,665 496,984 12.5% 1,018,000 94,572 $4.07 $6.57
Source: Grubb & Ellis/WRS, 9/2011. 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. Space under construction includes speculative and build-to-suit for lease projects. Asking rents are per square foot per year, 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). Industrial buildings are categorized as warehouse/distribution or R&D/flex based on their physical characteristics including percent office build-out, clear height, typical bay depth, typical suit size, type of loading and typical uses.



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Office Market Snapshot, Second Quarter 2011, Charleston S.C. MSA

By Submarket  Total Square Feet  Total Square Meters  Vacant Square Feet  Vacant Square Meters  % Vacant  Under Construction Square Feet  Under Construction Square Meters  Asking Rent, Class A  Asking Rent, Class B 
Downtown (CBD) 1,811,459 168,285 143,140 13,298 7.9% 98,000 9,104 $29.08 $22.63
Daniel Island 1,120,434 104,088 194,583 18,077 17.4% -- -- $22.37 $19.00
Mount Pleasant 1,510,588 140,334 239,465 22,246 15.9% 22,500 2,090 $23.01 $20.35
North Charleston 3,582,091 332,776 621,970 57,781 17.4% 21,000 1,951 $22.63 $17.30
West Ashley 1,143,916 106,270 216,933 20,153 19.0% -- -- $23.21 $17.77
Total MSA 9,168,488 851,753 1,416,091 131,555 15.4% 141,500 13,145 $23.13 $18.83
Source: Grubb & Ellis/WRS, 9/2011. Includes tenant-occupied office buildings of 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. Space under construction includes speculative and build-to-suit for lease projects. 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, Second Quarter 2011, Charleston S.C. MSA

By Submarket  Total Square Feet  Total Square Meters  Vacant Square Feet  Vacant Square Meters  % Vacant  Under Construction Square Feet  Under Construction Square Meters  Asking Rent, Neighborhood   
Downtown Charleston 473,652 44,002 26,210 2,435 5.5% -- -- --
East Cooper 3,436,152 319,219 292,401 27,164 8.5% -- -- $17.16
Goose Creek 931,333 86,521 41,631 3,868 4.5% -- -- $12.09
Moncks Corner 419,614 38,982 -- -- 0.0% -- -- --
North Charleston 5,845,720 543,067 733,863 68,176 12.6% -- -- $13.07
Summerville 2,724,888 253,142 225,134 20,915 8.3% 84,840 7,882 $20.28
West Ashley 4,447,920 413,212 274,317 25,484 6.2% -- -- $12.05
West Islands 1,341,667 124,641 188,099 17,474 14.0% -- -- $8.31
Total MSA 19,620,946 1,822,786 1,781,655 165,516 9.1% 84,840 7,882 $14.30
Source: Grubb & Ellis/WRS, 9/2011. 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. 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 19% 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