Charleston industrial market report

Q3 2022

As Charleston's port continues to grow, so does the demand for industrial outdoor storage. Vacancy rates continue their decline, while rents continue to increase for the sixth consecutive quarter.

75 msf


Construction activity continues to grow, with about 74% of development in the Outlying Berkeley County submarket. 
1.4 msf

Net absorption

Net absorption fell by 1M+ sf from last quarter due to decreasing vacancy rates. 

Direct asking rent

Rents continue to grow for the sixth consecutive quarter.
8.4 msf

Under construction

The outlying Berkeley County submarket leads development activity, with 8M+ sf under construction.


Vacancy rates have dropped by 189 basis points since Q3 2021. 
$84 psf

Investment sales

At the end of Q3, the sale price per square foot has increased $8 psf since last year. 
Download the 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