Charleston industrial market report
Charleston’s industrial market continues to boom, with increasing construction activity and plummeting vacancies. As the local port completes major infrastructure projects, demand for proximity to the coast heightens.
Declining cap rates
The industrial sector is experiencing historically low cap rates this quarter, with an average cap rate of 5.4%.
Average base rents rise
The average base rent in Q1 2023 was $8.89, which is 7% higher than asking rent.
Building size increases
The projected average building size for deliveries in 2023 is 346k sf.
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.