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South Carolina
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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
Apartment
The average Vacancy Rate was 6.4% in the Charleston metro
- Vacancy in the Charleston metro fell by 50 basis points.
- The Charleston metro had the lowest vacancy level since Q3 2014.
Distribution / Warehousing
The average Vacancy Rate was 7.7% in the Charleston metro
Office
The average Vacancy Rate was 29.9% in the Charleston metro
- Vacancy in the Charleston metro rose by 450 basis points.
- The Charleston metro had the highest vacancy level since Q3 1999.
Retail
The average Vacancy Rate was 8.4% in the Charleston metro
- No vacancy change since Q3 2022 in the Charleston metro.
- The Charleston metro had the lowest vacancy level since Q1 2020.
RENT
Apartment
The average Asking Rent was $1,780 in the Charleston metro
- Rent in the Charleston metro was up 1.9% from Q3 2022.
- Rent Has risen for nine consecutive quarters in the Charleston metro.
Distribution / Warehousing
The average Asking Rent was $7.44 in the Charleston metro
- Rent in the Charleston metro was up 2.3% from Q3 2022.
- Rent Has risen for eight consecutive quarters in the Charleston metro.
Office
The average Asking Rent was $25.15 in the Charleston metro
Retail
The average Asking Rent was $15.62 in the Charleston metro
VACANCY
Apartment
The average Vacancy Rate was 5.1% in the Charlotte metro
Distribution / Warehousing
The average Vacancy Rate was 2.6% in the Charlotte metro
- Vacancy in the Charlotte metro has been in decline for eleven consecutive quarters.
- The Charlotte metro had the lowest vacancy level since Q3 2009.
Flex / R&D
The average Vacancy Rate was 10.0% in the Charlotte metro
- Vacancy in the Charlotte metro drifted downward by 30 basis points.
- The Charlotte metro had the lowest vacancy level since Q3 2020.
Office
The average Vacancy Rate was 20.2% in the Charlotte metro
- Vacancy in the Charlotte metro increased by 100 basis points.
- The Charlotte metro had the highest vacancy level since year-end 1993.
Retail
The average Vacancy Rate was 9.4% in the Charlotte metro
RENT
Apartment
The average Asking Rent was $1,508 in the Charlotte metro
- Rent in the Charlotte metro was up 2.3% from Q3 2022.
- Rent Has risen for nine consecutive quarters in the Charlotte metro.
Distribution / Warehousing
The average Asking Rent was $5.91 in the Charlotte metro
- Rent in the Charlotte metro was up 2.4% from Q3 2022.
- Rent Has risen for ten consecutive quarters in the Charlotte metro.
Flex / R&D
The average Asking Rent was $9.53 in the Charlotte metro
- Rent in the Charlotte metro was up 0.8% from Q3 2022.
- Rent Has risen for nine consecutive quarters in the Charlotte metro.
Office
The average Asking Rent was $29.74 in the Charlotte metro
- Rent in the Charlotte metro was up 0.5% from Q3 2022.
- Rent has risen in every quarter since Q3 2013 in the Charlotte metro.
Retail
The average Asking Rent was $19.95 in the Charlotte metro
VACANCY
Apartment
The average Vacancy Rate was 3.9% in the Columbia metro
- Vacancy in the Columbia metro drifted downward by 40 basis points.
- The Columbia metro had the lowest vacancy level since Q3 1999.
Distribution / Warehousing
The average Vacancy Rate was 7.5% in the Columbia metro
Office
The average Vacancy Rate was 20.6% in the Columbia metro
- Vacancy in the Columbia metro increased by 60 basis points.
- The Columbia metro had the highest vacancy level since Q3 1999.
Retail
The average Vacancy Rate was 11.0% in the Columbia metro
- No vacancy change since Q3 2022 in the Columbia metro.
- The Columbia metro had the lowest vacancy level since Q1 2018.
RENT
Apartment
The average Asking Rent was $1,126 in the Columbia metro
- Rent in the Columbia metro was up 3.9% from Q3 2022.
- Columbia metro had its fastest rent rate of increase in four quarters.
- Rent Has risen for eight consecutive quarters in the Columbia metro.
Distribution / Warehousing
The average Asking Rent was $4.94 in the Columbia metro
- Rent in the Columbia metro was up 1.4% from Q3 2022.
- Rent Has risen for six consecutive quarters in the Columbia metro.
Office
The average Asking Rent was $17.71 in the Columbia metro
Retail
The average Asking Rent was $13.60 in the Columbia metro
VACANCY
Apartment
The average Vacancy Rate was 6.4% in the Greenville metro
Distribution / Warehousing
The average Vacancy Rate was 3.5% in the Greenville metro
- No vacancy change since Q3 2022 in the Greenville metro.
- The Greenville metro had the lowest vacancy level since Q1 2017.
Office
The average Vacancy Rate was 22.4% in the Greenville metro
- Vacancy in the Greenville metro rose by 90 basis points.
- The Greenville metro had the highest vacancy level since year-end 2005.
Retail
The average Vacancy Rate was 11.2% in the Greenville metro
- Vacancy in the Greenville metro drifted downward by 40 basis points.
- The Greenville metro had the lowest vacancy level since year-end 2008.
RENT
Apartment
The average Asking Rent was $1,207 in the Greenville metro
- Rent in the Greenville metro was up 0.2% from Q3 2022.
- Rent Has risen for nine consecutive quarters in the Greenville metro.
Distribution / Warehousing
The average Asking Rent was $4.98 in the Greenville metro
- Rent in the Greenville metro was up 1.0% from Q3 2022.
- Rent Has risen for seven consecutive quarters in the Greenville metro.
Office
The average Asking Rent was $19.63 in the Greenville metro
- Rent in the Greenville metro was up 1.9% from Q3 2022.
- Greenville metro had its fastest rent rate of increase since Q3 1999.
Retail
The average Asking Rent was $12.66 in the Greenville metro
- Rent in the Greenville metro was up 0.2% from Q3 2022.
- Rent Has risen for eight consecutive quarters in the Greenville metro.
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.