Charleston industrial market report

Q4 2023

The Charleston industrial market is experiencing increased inventory and positive absorption, but tenant demand is not outpacing the recent surge in supply. 

8.7 msf

Inventory

The Charleston industrial market experienced a record-high increase in inventory in 2023, with 8.7 msf of deliveries.

21.4%

Availability

Industrial buildings delivered in the last 2 years have a total availability of 21.4%.

$580.3M

Sales volume

Despite increased interest rates, the Charleston industrial market experienced $580.3M of investment activity in 2023 – the highest annual sale volume in history.

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