2Q25: Charleston MSA Industrial Snapshot

Charleston’s industrial market ended Q2 2025 with average rents steady at $10.60/SF and 1.9 million SF under construction, mostly in growth areas like Dorchester and outlying Berkeley Counties. The majority of our supply includes larger-format Class A buildings (>200,000 SF) that were delivered in the last 12-18 months, and this is driving our higher vacancy rate. More absorption is needed in this sector and much attention is on our port activity and tariff hikes; however, leasing activity remains highly active in the smaller flex industrial market (5,000–15,000 SF) for service businesses affected by Charleston’s overwhelming population growth. Prime locations are sustaining strong demand, and new supply in emerging submarkets is creating opportunities for both tenants and landlords to position for future growth.