Charleston office market report

Q4 2023

Charleston office market trends

The demand for executive office suites and trophy class offices grew in Q4, as C-suite leadership begins to invest in higher quality spaces in an attempt to attract employees back to the office.

51.0%

Office leases <2k sf

Office leases under 2k sf account for 51.0% of deal volume in 2023.

+12.2ksf

Absorption

Trophy offices experienced 12,199 sf of positive absorption in Q4 2023, nearly double the amount of absorption in Q3 2023.

4.0%

Sublet availability

The market’s sublet availability has risen to 4.0% - a 42.9% increase since last quarter.

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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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