Office leasing activity in Charleston continues to improve through Q3 2025. Vacancy remained below 6% and the overall average rental rate remained unchanged, which are strong indicators that our local market has generally returned to a balanced state. As expected, vacancy will remain very low in popular residential submarkets, such as James Island, West Ashley, and Mount Pleasant, where tenants prioritize proximity to their homes and client bases. We anticipate seeing more new office development activity in 2026 as investors grow increasingly comfortable with the market’s balanced condition.
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