Charleston, SC – Colliers International in South Carolina has released a snapshot of its second quarter preliminary data for the office, industrial and retail markets in Charleston.

Office market

Market statistics

    Change from Q1 2018
  • Market inventory:
12,793,870 SF --
  • Quarterly absorption:
-4,323 SF --
  • Market vacancy rate:
12.53% Higher by 23 basis points
  • Average weighted rental rate:
$23.79 Higher by 0.51%

Charleston CBD statistics

    Change from Q1 2018
  • Quarterly absorption:
-14,814 SF --
  • Market vacancy rate:
6.86% Higher by 92 basis points
  • Average weighted rental rate:
$33.90 Lower by 6.75%

Charleston suburban statistics

    Change from Q1 2018
  • Quarterly absorption:
10,491 SF --
  • Market vacancy rate:
14.07% Higher by 5 basis points
  • Average weighted rental rate:
$22.27 Lower by 0.62%

Industrial market

Market statistics

    Change from Q1 2018
  • Market inventory:
51,024,724 SF --
  • Quarterly absorption:
801,162 SF --
  • Market vacancy rate:
9.20% Lower by 104 basis points
  • Average weighted rental rate:
$5.10 Higher by 0.79%

Charleston flex/R&D statistics

    Change from Q1 2018
  • Quarterly absorption:
45,463 SF --
  • Market vacancy rate:
9.09% Lower by 114 basis points
  • Average weighted rental rate:
$9.43 Higher by 13.07%

Charleston manufacturing statistics

    Change from Q1 2018
  • Quarterly absorption:
608,830 SF --
  • Market vacancy rate:
7.41% Lower by 638 basis points
  • Average weighted rental rate:
$3.44 Lower by 21.28%

Charleston warehouse statistics

    Change from Q1 2018
  • Quarterly absorption:
146,869 SF --
  • Market vacancy rate:
9.66% Higher by 33 basis points
  • Average weighted rental rate:
$5.15 Higher by 0.78%

Retail market

Market statistics

    Change from Q1 2018
  • Market inventory:
14,324,036 SF --
  • Quarterly absorption:
105,224 SF --
  • Market vacancy rate:
5.74% Higher by 54 basis points
  • Average weighted rental rate:
$19.89 Higher by 7.98%

Charleston core statistics

    Change from Q1 2018
  • Quarterly absorption:
53,416 SF --
  • Market vacancy rate:
4.07% Higher by 86 basis points
  • Average weighted rental rate:
$19.90 Lower by 2.69%

Charleston non-core statistics

    Change from Q1 2018
  • Quarterly absorption:
51,808 SF --
  • Market vacancy rate:
7.61% Higher by 18 basis points
  • Average weighted rental rate:
$19.88 Higher by 15.38%

Full market reports will be provided in the coming weeks with extensive, final data and more analysis. To receive these reports automatically via email, sign up here.