What are vacancies in each product in the Carolinas?

– The southeast has been a hotbed for industrial activity over the last few years. The Carolinas in particular have been strong markets, driven by a healthy population story, consistent job growth, and pro-business states.

– In the Carolinas, vacancy remains tight in small bay product. Buildings under 100,000 sf have around a 5% or less vacancy rate across the four major markets. Midsize to bulk product is where most vacancy lives. Charleston in particular is still working to absorb bulk product delivered over the last few years.

– The Carolinas has continued to be an appealing market to investors and occupiers. While some time is needed to reduce vacancies in certain product, the region remains healthy and poised for further growth.