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South Carolina

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Market Overview

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EXPLORE 6 South Carolina MARKETSToggle markets

Augusta
Charleston
Charlotte
Columbia
Greenville
Savannah

Augusta

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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.

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Learn more about the South Carolina markets from one of our professionals.

Charleston

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VACANCY

Apartment

The average Vacancy Rate was 7.5% in the Charleston metro

Vacancy in the Charleston metro drifted downward by 20 basis points.
The Charleston metro was among the 20 highest vacancies nationally.
Vacancy is expected to finish 2024 at 7.7% in the Charleston metro.

Distribution / Warehousing

The average Vacancy Rate was 10.6% in the Charleston metro

No vacancy change since Q2 2024 in the Charleston metro.
The Charleston metro was among the 20 highest vacancies nationally.
Vacancy is expected to finish 2024 at 10.4% in the Charleston metro.

Office

The average Vacancy Rate was 26.6% in the Charleston metro

The Charleston metro had the second highest vacancy in the nation. Only Dayton is currently softer.
Vacancy in the Charleston metro declined by 70 basis points.
The Charleston metro had the lowest vacancy level since Q3 2022.

Retail

The average Vacancy Rate was 8.9% in the Charleston metro

Vacancy in the Charleston metro drifted downward by 30 basis points.
The Charleston metro was among the 20 lowest vacancies nationally.
Vacancy is expected to finish 2024 at 8.9% in the Charleston metro.

RENT

Apartment

The average Asking Rent was $1,786 in the Charleston metro

Rent in the Charleston metro was down 0.1% from Q2 2024.
Rent is expected to finish 2024 at $1,792 in the Charleston metro.

Distribution / Warehousing

The average Asking Rent was $7.69 in the Charleston metro

Rent in the Charleston metro was up 0.1% from Q2 2024.
Rent is expected to finish 2024 at $7.74 in the Charleston metro.

Office

The average Asking Rent was $25.70 in the Charleston metro

Rent in the Charleston metro was down 0.1% from Q2 2024.
Rent is expected to finish 2024 at $25.86 in the Charleston metro.

Retail

The average Asking Rent was $15.95 in the Charleston metro

The Charleston metro remained flat rent since Q2 2024.
Rent is expected to finish 2024 at $16.00 in the Charleston metro.

Learn more about the South Carolina markets from one of our professionals

Learn more about the South Carolina markets from one of our professionals.

Charlotte

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VACANCY

Apartment

The average Vacancy Rate was 7.6% in the Charlotte metro

Vacancy in the Charlotte metro drifted upward by 10 basis points.
The Charlotte metro was among the 20 highest vacancies nationally.
Vacancy is expected to finish 2024 at 7.4% in the Charlotte metro.

Distribution / Warehousing

The average Vacancy Rate was 8.9% in the Charlotte metro

Vacancy in the Charlotte metro has risen for seven consecutive quarters.
The Charlotte metro was among the 20 highest vacancies nationally.
Vacancy is expected to finish 2024 at 9.1% in the Charlotte metro.

Flex / R&D

The average Vacancy Rate was 11.7% in the Charlotte metro

Vacancy in the Charlotte metro rose by 140 basis points.
The Charlotte metro was among the 10 highest vacancies nationally.
Vacancy is expected to finish 2024 at 11.2% in the Charlotte metro.

Office

The average Vacancy Rate was 21.6% in the Charlotte metro

Vacancy in the Charlotte metro drifted downward by 30 basis points.
Vacancy is expected to finish 2024 at 21.6% in the Charlotte metro.

Retail

The average Vacancy Rate was 9.1% in the Charlotte metro

Vacancy in the Charlotte metro drifted downward by 20 basis points.
The Charlotte metro had the lowest vacancy level since Q1 2018.
Vacancy is expected to finish 2024 at 9.4% in the Charlotte metro.

RENT

Apartment

The average Asking Rent was $1,513 in the Charlotte metro

Rent in the Charlotte metro was up 0.3% from Q2 2024.
Rent is expected to finish 2024 at $1,516 in the Charlotte metro.

Distribution / Warehousing

The average Asking Rent was $6.39 in the Charlotte metro

Rent in the Charlotte metro was up 0.8% from Q2 2024.
Rent has risen in every quarter since Q2 2020 in the Charlotte metro.
Rent is expected to finish 2024 at $6.49 in the Charlotte metro.

Flex / R&D

The average Asking Rent was $10.10 in the Charlotte metro

Rent in the Charlotte metro was up 0.8% from Q2 2024.
Rent has risen in every quarter since Q3 2020 in the Charlotte metro.
Rent is expected to finish 2024 at $10.21 in the Charlotte metro.

Office

The average Asking Rent was $30.43 in the Charlotte metro

Rent in the Charlotte metro was up 0.4% from Q2 2024.
Rent has risen in every quarter since Q3 2013 in the Charlotte metro.
Rent is expected to finish 2024 at $30.47 in the Charlotte metro.

Retail

The average Asking Rent was $20.34 in the Charlotte metro

Rent in the Charlotte metro was up 0.3% from Q2 2024.
Rent Has risen for six consecutive quarters in the Charlotte metro.
Rent is expected to finish 2024 at $20.44 in the Charlotte metro.

Learn more about the South Carolina markets from one of our professionals

Learn more about the South Carolina markets from one of our professionals.

Columbia

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VACANCY

Apartment

The average Vacancy Rate was 3.8% in the Columbia metro

Vacancy in the Columbia metro drifted upward by 20 basis points.
The Columbia metro was among the 20 lowest vacancies nationally.
Vacancy is expected to finish 2024 at 4.0% in the Columbia metro.

Distribution / Warehousing

The average Vacancy Rate was 5.6% in the Columbia metro

Vacancy in the Columbia metro drifted upward by 10 basis points.
Vacancy is expected to finish 2024 at 5.6% in the Columbia metro.

Office

The average Vacancy Rate was 18.1% in the Columbia metro

Vacancy in the Columbia metro drifted downward by 10 basis points.
Vacancy is expected to finish 2024 at 18.2% in the Columbia metro.

Retail

The average Vacancy Rate was 11.3% in the Columbia metro

Vacancy in the Columbia metro drifted upward by 40 basis points.
Vacancy is expected to finish 2024 at 11.4% in the Columbia metro.

RENT

Apartment

The average Asking Rent was $1,201 in the Columbia metro

The Columbia metro remained flat rent since Q2 2024.
Rent is expected to finish 2024 at $1,203 in the Columbia metro.

Distribution / Warehousing

The average Asking Rent was $5.27 in the Columbia metro

Rent in the Columbia metro was up 0.8% from Q2 2024.
Rent has risen in every quarter since Q2 2021 in the Columbia metro.
Rent is expected to finish 2024 at $5.32 in the Columbia metro.

Office

The average Asking Rent was $17.78 in the Columbia metro

Rent in the Columbia metro was up 0.3% from Q2 2024.
Rent is expected to finish 2024 at $17.86 in the Columbia metro.

Retail

The average Asking Rent was $13.79 in the Columbia metro

Rent in the Columbia metro was down 0.1% from Q2 2024.
Rent is expected to finish 2024 at $13.83 in the Columbia metro.

Learn more about the South Carolina markets from one of our professionals

Learn more about the South Carolina markets from one of our professionals.

Greenville

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VACANCY

Apartment

The average Vacancy Rate was 7.8% in the Greenville metro

Vacancy in the Greenville metro rose by 60 basis points.
The Greenville metro was among the 10 highest vacancies nationally.
Vacancy is expected to finish 2024 at 8.0% in the Greenville metro.

Distribution / Warehousing

The average Vacancy Rate was 6.9% in the Greenville metro

No vacancy change since Q2 2024 in the Greenville metro.
The Greenville metro had the highest vacancy level since year-end 2021.
Vacancy is expected to finish 2024 at 7.2% in the Greenville metro.

Office

The average Vacancy Rate was 22.6% in the Greenville metro

Vacancy in the Greenville metro rose by 50 basis points.
The Greenville metro had the highest vacancy level since year-end 2005.
Vacancy is expected to finish 2024 at 23.0% in the Greenville metro.

Retail

The average Vacancy Rate was 10.1% in the Greenville metro

Vacancy in the Greenville metro fell by 60 basis points.
The Greenville metro had the lowest vacancy level since Q3 2003.
Vacancy is expected to finish 2024 at 10.6% in the Greenville metro.

RENT

Apartment

The average Asking Rent was $1,224 in the Greenville metro

Rent in the Greenville metro was down 0.9% from Q2 2024.
Rent is expected to finish 2024 at $1,229 in the Greenville metro.

Distribution / Warehousing

The average Asking Rent was $5.27 in the Greenville metro

The Greenville metro remained flat rent since Q2 2024.
Rent is expected to finish 2024 at $5.32 in the Greenville metro.

Office

The average Asking Rent was $20.33 in the Greenville metro

The Greenville metro remained flat rent since Q2 2024.
Rent is expected to finish 2024 at $20.41 in the Greenville metro.

Retail

The average Asking Rent was $12.77 in the Greenville metro

Rent in the Greenville metro was down 0.1% from Q2 2024.
Rent is expected to finish 2024 at $12.80 in the Greenville metro.

Learn more about the South Carolina markets from one of our professionals

Learn more about the South Carolina markets from one of our professionals.

Savannah

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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.

Learn more about the South Carolina markets from one of our professionals

Learn more about the South Carolina markets from one of our professionals.