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.

390k sf

Inventory

389,772 sf of office is under development in the Charleston market, with 77% of the office space concentrated in Downtown Charleston.

-431K sf

Net absorption

Net absorption has seen an increase in Q1 2022, with Trophy and class A buildings seeing positive absorption.

$29.97 psf

Direct asking rent

Charleston offices are demanding nearly $30 psf, exceeding pre-pandemic asking rents.

2M sf

Availabilities

Total space available in Q1 2022 has seen a decrease from year end.

14.7%

Vacancy

Office vacancy is trending downwards as a result of strong leasing activity to kick off the year.

$220 psf

Investment sales

Price psf has been pushed upwards from previous quarters as a result of a strong end to 2021.

Download Charleston Office Insight report

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.

The dashboard was delivered through AVANT by Avison Young: leveraging real-time data and analytics to make cities and location-based decisions more transparent and efficient. Learn more about AVANT.

Get the latest Charleston office market reports right in your inbox