Charleston industrial real estate market reports
3Q21 highlights and trends
Momentum in Charleston’s industrial market showed no signs of slowing in the third quarter of 2021, as leasing activity and net absorption grows closer to exceeding pre-pandemic levels. This growth is driving elevated levels of construction and should continue into 2022 as the demand for industrial space has driven the overall vacancy rate to 4.1%.
Unemployment rate in Charleston, down 760 bps from the height of the pandemic.
Industrial workforce in Charleston has grown by 4.4% in the last 12 months. The recently opened Hugh Leatherman Terminal adds 700,000 TEUs of annual throughput capacity.
YTD leasing activity for Charleston. An anticipated 7.3 msf of industrial product is expected to deliver in the second of 2022, which will push leasing momentum even further.
Amount of industrial space under construction at the end of the third quarter of 2021. Logistics and e-commerce businesses continue to expand as developers strive to meet demand.
Average asking rents increased by 10.2% since the start of the pandemic and have continued a steady upward trajectory.
Total industrial investment volume in Charleston since 2020. Investor demand has outpaced available investment opportunities, creating a surge industrial asset pricing.
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.