2Q25: Charleston MSA Office Snapshot

The Charleston office market remained steady and increasingly active in Q2 2025. Vacancy dropped again to 5.8%, showing healthy occupancy across the region. Average rents climbed to $33.92/SF, with top-tier space on the upper peninsula now pushing $50/SF, Full Service. Vacancy is expected to stay tight in popular residential areas, such as James Island, West Ashley, and Mount Pleasant, where users want to be close to home or serve strong local demographics, especially in medical and service industries. With limited new development options in these areas, inventory should remain scarce. As the market settles back into pre-pandemic patterns and economic uncertainty clears up, we expect to see new office development over the next 12–18 months.