Charleston office market report

Q1 2023

Charleston office market trends

The Charleston market is experiencing decreased sales activity, as interest rates continue to rise. Although absorption remains positive, tenants are significantly shortening their lease terms. 

20.6 mos.

Average lease term

The average lease term in the market has dropped to 20.6 months, which is a 48% decrease from Q1 2022.
21.1%

Vacancy

Recently delivered Charleston office buildings have a total vacancy rate of around 21.1%.

$33.09

Average asking rent

Charleston office rents are experiencing continual growth, and outpacing counterparts in the Southeast.

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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.

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.

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