Charleston office market reports
Q1 2022
Total availability has decreased from Q4 2021, but it is important to pay attention to an increase in sublease space on the market because of companies minimizing their footprint to account for employees that will work from home.
Inventory
389,772 sf of office is under development in the Charleston market, with 77% of the office space concentrated in Downtown Charleston.
Net absorption
Net absorption has seen an increase in Q1 2022, with Trophy and class A buildings seeing positive absorption.
Direct asking rent
Charleston offices are demanding nearly $30 psf, exceeding pre-pandemic asking rents.
Availabilities
Total space available in Q1 2022 has seen a decrease from year end.
Vacancy
Office vacancy is trending downwards as a result of strong leasing activity to kick off the year.
Investment sales
Price psf has been pushed upwards from previous quarters as a result of a strong end to 2021.
Your source for the latest Charleston office market reports
Get in-depth office market reports and insights from commercial real estate experts in the Greater Charleston area. Avison Young advisors look at Charleston commercial real estate activities and the latest Charleston statistics to provide you expert market research on Charleston's office properties.
Explore different topics like the latest office market pricing trends and analysis of Charleston's current office real estate market conditions. Gain a better understanding of Charleston’s office real estate outlook and stay ahead of current office space trends. Make smart decisions when it comes to investing in office properties in Charleston's competitive office real estate market. Avison Young is your trusted source for commercial real estate office market insights in Charleston.
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