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 Heyward Horton, Sr. Project Manager for the Charleston Regional Development Alliance (phone 843.760.4526). 		related information

Industrial Real Estate StatsOffice Real Estate StatsRetail Real Estate StatsConstruction Costs

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Industrial Market Snapshot By Property Type, First Quarter 2010, 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 2,212,490 205,540 346,604 32,200 15.7% - - $5.37
R&D/Flex 4,556,396 423,289 1,104,391 102,598 24.2% - - $6.27
Warehouse/Distribution 33,388,825 3,101,822 4,096,730 380,586 12.3% 60,000 5,574 $4.18
Total 40,157,711 3,730,651 5,547,725 515,384 13.8% 60,000 5,574 $4.67
Source: Grubb & Ellis/WRS, 5/2010. 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, First Quarter 2010, 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 6,774,030 629,307 462,315 42,949 6.8% - - $5.29 $7.19
Downtown 2,682,144 249,171 315,310 29,292 11.8% - - $3.75 $7.38
East Cooper/Clements Ferry 4,267,749 396,474 1,032,172 95,889 24.2% - - $5.28 $5.71
North Charleston 18,537,646 1,722,147 2,218,454 206,094 12.0% - - $4.09 $6.30
Summerville 7,015,192 651,711 1,352,801 125,675 19.3% 60,000 5,574 $3.64 $6.51
West Ashley 880,950 81,840 166,673 15,484 18.9% - - $4.62 $6.86
Total MSA 40,157,711 3,730,651 5,547,725 515,384 13.8% 60,000 5,574 $4.18 $6.27
Source: Grubb & Ellis/WRS, 5/2010. 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, First Quarter 2010, 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) 1,811,459 168,285 164,848 15,314 9.1% 35,000 3,252 $28.72 $22.37
Daniel Island 1,120,434 104,088 260,303 24,182 23.2% -- -- $24.98 $20.29
Mount Pleasant 1,519,288 141,142 262,999 24,433 17.3% -- -- $22.47 $21.47
North Charleston 3,792,221 352,297 746,462 69,346 19.7% -- -- $20.55 $17.48
West Ashley 1,143,916 106,270 203,261 18,883 17.8% -- -- $25.11 $21.27
Total MSA 9,387,318 872,082 1,637,873 152,158 17.4% 35,000 3,252 $23.13 $19.83
Source: Grubb & Ellis/WRS, 5/2010. Includes tenant-occupied office buildings of 20,000 sq.ft. (1,858 square meters) or larger except 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 size of 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, First Quarter 2010, 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 29,718 2,761 6.3% -- -- --
East Cooper 3,297,957 306,380 286,655 26,630 8.7% 160,432 14,904 $17.86
Goose Creek 931,333 86,521 50,920 4,730 5.5% -- -- $12.10
Moncks Corner 419,614 38,982 3,000 279 0.7% -- -- --
North Charleston 5,790,650 537,951 746,839 69,381 12.9% 42,437 3,942 $14.88
Summerville 2,674,888 248,497 237,398 22,054 8.9% -- -- $19.97
West Ashley 4,447,920 413,212 353,341 32,825 7.9% -- -- $12.09
West Islands 1,293,796 120,194 161,802 15,031 12.5% -- -- $8.80
Total MSA 19,329,810 1,795,739 1,869,673 173,693 9.7% 202,869 18,847 $14.73
Source: Grubb & Ellis/WRS, 5/2010. Includes multi-tenant and single-tenant buildings of 50,000 sq.ft. (4645 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