Charleston industrial market report

Q3 2023

The Charleston industrial market is experiencing increased net absorption, with landlords compensating for rising building costs through concessions. Vacancy remains low especially for big box buildings.


TI allowance

The average weighted TI allowance for industrial leases has increased by 54% from 2022 to 2023 YTD, with several reaching $10. 


Big box vacancy

Industrial big-box facilities (500k+ sf) are experiencing high demand, with 1.3% total vacancy.


Net absorption vs. 5-year average

The Charleston industrial market’s Q3 2023 net absorption (YTD) is up 46.2% compared to the five-year average.

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