Charleston office market report

Q3 2024

Charleston’s asking rental rates have begun to stabilize, with office availability nearing pre-pandemic levels. The market is seeing an uptick in subleasing activity, but overall leasing volume is down significantly from last year. Tenant demand remains strong for properties in Downtown Charleston, as the submarket boasts the lowest availability.
34.2k

Migration

South Carolina has seen 34.2k new residents move to the state since August of last year.

12.5%

Availability

The office buildings delivered in the last few years have a 12.5% availability rate.

2.1%

Absorption

In 2024 YTD, class C offices saw the highest absorption rate at 2.1%

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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