Charleston industrial market report

Q2 2022

Vacancy rates and availability in the Charleston industrial market continue to decline as demand grows more rapidly than supply.

94M sf


Construction activity continues to grow, with about 7 million sf of development in Q2 2022.


Net absorption

Net absorption at the end of Q2 2022 has seen a 41% increase from the previous quarter, with total absorption surpassing 3.5 msf.


Direct asking rent

Demand for Charleston industrial and flex space continues to increase. This is reflected in the over $1 psf increase in direct asking rents since last quarter.

2.5M sf


Record low availability is one of the causes of high direct asking rents.



Vacancy rates have seen nearly a 9% decrease from last quarter.

$114 psf

Investment sales

At the end of Q2, the sale price psf has increased $16 psf since last quarter. This is the highest price psf in this market in the past 3 years.

Download Charleston Industrial market Report

Your source for the latest Charleston industrial real estate reports

Stay on top of current trends affecting the industrial real estate sector in the Lowcountry. Gain an overall better understanding of Charleston's industrial real estate market conditions, so you can better formulate strategies to overcome any obstacle and know how to best invest in industrial real estate in Charleston.

Here, you’ll always find the latest industrial real estate market news so you can stay ahead. Come back often to see expert insights on the current and future of Charleston industrial real estate market.

Get the latest Charleston industrial market reports right in your inbox