Charleston office market report

Q4 2024

Charleston’s asking rental rates have begun to stabilize, with office availability nearing pre-pandemic levels. The market saw an uptick in leasing activity in Q4, but overall leasing volume is down from last year. Tenant demand remains strong for properties that have recently delivered, and this trend is expected to continue into 2025.
$37.31

Rental rate

Trophy and class A rents continue to have a significant impact on asking rental rates, although they are beginning to stabilize.

7.7%

Availability

Office buildings 50k sf or greater delivered since 2020 currently have a direct availability rate of 7.7%.

60K

Absorption

Absorption ended the year on a positive note with approximately 60k sf of office space absorbed in 4Q for a year-to-date total of positive 49ksf.

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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