Insights
South Carolina
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BACK TO INSIGHTSEXPLORE 6 South Carolina MARKETSToggle markets
VACANCY
Distribution / Warehousing
Average Vacancy Rate 30.1%
- Highest in the nation.
- Declined by 340 basis points.
- Expected to finish 2019 at.
RENT
Distribution / Warehousing
Average Asking Rent $2.70
- Up 0.4% from year-end 2018.
- Expected to finish 2019 at.
VACANCY
Distribution / Warehousing
Average Vacancy Rate 15.8%
- Increased by 170 basis points.
- Among the 10 highest vacancies nationally.
- Expected to finish 2019 at 15.3%.
Office
Average Vacancy Rate 17.6%
- Has risen for seven consecutive quarters.
- Highest level since year-end 2011.
- Expected to finish 2020 at 20.2%.
Retail
Average Vacancy Rate 8.5%
- Drifted upward by 40 basis points.
- Among the 20 lowest vacancies nationally.
- Expected to finish 2020 at 10.4%.
RENT
Distribution / Warehousing
Average Asking Rent $5.90
- Up 0.5% from year-end 2018.
- Has risen for six consecutive quarters.
- Expected to finish 2019 at $6.00.
Office
Average Asking Rent $25.23
- Down 0.3% from Q1 2020.
- Expected to finish 2020 at $24.89.
Retail
Average Asking Rent $15.67
- Fastest rent growth in the nation.
- Expected to finish 2020 at $14.29.
VACANCY
Apartment
Average Vacancy Rate 6.5%
- Drifted upward by 40 basis points.
- Among the 10 highest vacancies nationally.
- Expected to finish 2020 at 9.0%.
Distribution / Warehousing
Average Vacancy Rate 11.7%
- Declined by 70 basis points.
- Expected to finish 2020 at 12.6%.
Flex / R&D
Average Vacancy Rate 7.2%
- Eighth lowest in the nation and the third lowest in the South Atlantic.
- Fell by 50 basis points.
- Lowest level since year-end 2009.
Office
Average Vacancy Rate 15.3%
- Drifted upward by 30 basis points.
- Among the 20 lowest vacancies nationally.
- Expected to finish 2020 at 18.5%.
Retail
Average Vacancy Rate 9.9%
- No change since Q1 2020.
- Highest level since Q2 2014.
- Expected to finish 2020 at 12.2%.
RENT
Apartment
Average Asking Rent $1,202
- Flat since Q1 2020.
- Expected to finish 2020 at $1,155.
Distribution / Warehousing
Average Asking Rent $4.94
- Down 0.2% from Q1 2020.
- Expected to finish 2020 at $4.73.
Flex / R&D
Average Asking Rent $8.49
- Up 0.2% from Q1 2020.
- Expected to finish 2020 at $7.99.
Office
Average Asking Rent $27.01
- Up 0.4% from Q1 2020.
- Has risen in every quarter since Q3 2013.
- Expected to finish 2020 at $26.17.
Retail
Average Asking Rent $19.67
- Down 0.6% from Q1 2020.
- Expected to finish 2020 at $18.80.
VACANCY
Apartment
Average Vacancy Rate 6.7%
- Second highest in the nation. Only Charleston is currently softer.
- Drifted downward by 40 basis points.
- Expected to finish 2020 at 7.4%.
Distribution / Warehousing
Average Vacancy Rate 14.0%
- Declined by 120 basis points.
- Among the 20 highest vacancies nationally.
- Expected to finish 2019 at 14.5%.
Office
Average Vacancy Rate 16.7%
- No change since Q1 2020.
- Lowest level since Q3 2009.
- Expected to finish 2020 at 18.8%.
Retail
Average Vacancy Rate 12.3%
- Drifted downward by 40 basis points.
- Expected to finish 2020 at 14.2%.
RENT
Apartment
Average Asking Rent $938
- Up 0.2% from Q1 2020.
- Expected to finish 2020 at $917.
Distribution / Warehousing
Average Asking Rent $4.25
- Up 0.5% from year-end 2018.
- Has risen for six consecutive quarters.
- Expected to finish 2019 at $4.31.
Office
Average Asking Rent $17.29
- Down 0.5% from Q1 2020.
- Expected to finish 2020 at $17.11.
Retail
Average Asking Rent $13.55
- Down 0.6% from Q1 2020.
- Expected to finish 2020 at $13.03.
VACANCY
Apartment
Average Vacancy Rate 6.5%
- Drifted downward by 10 basis points.
- Among the 10 highest vacancies nationally.
- Expected to finish 2020 at 9.3%.
Distribution / Warehousing
Average Vacancy Rate 12.2%
- Rose by 60 basis points.
- Among the 20 highest vacancies nationally.
- Expected to finish 2019 at 12.0%.
Office
Average Vacancy Rate 19.2%
- Drifted upward by 20 basis points.
- Highest level since Q2 2018.
- Expected to finish 2020 at 22.0%.
Retail
Average Vacancy Rate 12.2%
- Rose by 60 basis points.
- Expected to finish 2020 at 15.0%.
RENT
Apartment
Average Asking Rent $936
- Down 1.5% from Q1 2020.
- Expected to finish 2020 at $900.
Distribution / Warehousing
Average Asking Rent $4.00
- Up 0.3% from year-end 2018.
- Has risen for six consecutive quarters.
- Expected to finish 2019 at $4.10.
Office
Average Asking Rent $18.59
- Down 0.7% from Q1 2020.
- Expected to finish 2020 at $18.24.
Retail
Average Asking Rent $12.64
- Down 0.5% from Q1 2020.
- Expected to finish 2020 at $12.02.
VACANCY
Distribution / Warehousing
Average Vacancy Rate 10.3%
- Rose by 300 basis points.
- Expected to finish 2019 at.
RENT
Distribution / Warehousing
Average Asking Rent $6.25
- Up 0.3% from year-end 2018.
- Expected to finish 2019 at.