Is Charleston the most affordable industrial market in the Southeast?

graph of Southeast industrial rent growth comparing 2020 to 2023 NNN asking rent rates
  • Charleston experienced the least amount of industrial rent growth over the past three years compared to its counterparts in the Southeast.
  • While the market did not have the lowest asking rates in 2023, rates have only risen by 22% since 2020. The port-centered market’s connectivity and affordability present an attractive opportunity for tenants.
  • Over the past 10 years, the inventory has nearly doubled, increasing by 91%. As the Southeast continues to experience rapid industrial growth, demand for space in Charleston is expected to increase significantly.

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US-SC-CRW Charleston