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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 7.0% in the Charleston metro
Distribution / Warehousing
The average Vacancy Rate was 4.7% in the Charleston metro
Office
The average Vacancy Rate was 27.2% in the Charleston metro
Retail
The average Vacancy Rate was 8.9% in the Charleston metro
- Vacancy in the Charleston metro rose by 50 basis points.
- The Charleston metro had the highest vacancy level since Q1 2021.
RENT
Apartment
The average Asking Rent was $1,781 in the Charleston metro
Distribution / Warehousing
The average Asking Rent was $7.64 in the Charleston metro
- Rent in the Charleston metro was up 1.1% from Q3 2023.
- Charleston metro had its fastest rent rate of increase in four quarters.
- Rent has risen in every quarter for the past three years in the Charleston metro.
Office
The average Asking Rent was $25.95 in the Charleston metro
Retail
The average Asking Rent was $15.85 in the Charleston metro
VACANCY
Apartment
The average Vacancy Rate was 6.8% in the Charlotte metro
Distribution / Warehousing
The average Vacancy Rate was 6.5% in the Charlotte metro
- No vacancy change since Q3 2023 in the Charlotte metro.
- The Charlotte metro had the highest vacancy level since Q3 2021.
Flex / R&D
The average Vacancy Rate was 11.3% in the Charlotte metro
Office
The average Vacancy Rate was 20.8% in the Charlotte metro
Retail
The average Vacancy Rate was 9.4% in the Charlotte metro
RENT
Apartment
The average Asking Rent was $1,516 in the Charlotte metro
Distribution / Warehousing
The average Asking Rent was $6.25 in the Charlotte metro
- Rent in the Charlotte metro was up 1.1% from Q3 2023.
- Rent has risen in every quarter since Q2 2020 in the Charlotte metro.
Flex / R&D
The average Asking Rent was $9.93 in the Charlotte metro
- Rent in the Charlotte metro was up 1.1% from Q3 2023.
- Rent has risen in every quarter since Q3 2020 in the Charlotte metro.
Office
The average Asking Rent was $30.03 in the Charlotte metro
- Rent in the Charlotte metro was up 0.1% from Q3 2023.
- Rent has risen in every quarter since Q3 2013 in the Charlotte metro.
Retail
The average Asking Rent was $20.13 in the Charlotte metro
VACANCY
Apartment
The average Vacancy Rate was 3.8% in the Columbia metro
Distribution / Warehousing
The average Vacancy Rate was 3.8% in the Columbia metro
Office
The average Vacancy Rate was 16.6% in the Columbia metro
Retail
The average Vacancy Rate was 10.8% in the Columbia metro
- Vacancy in the Columbia metro drifted downward by 30 basis points.
- The Columbia metro had the lowest vacancy level since Q1 2018.
RENT
Apartment
The average Asking Rent was $1,187 in the Columbia metro
- Rent in the Columbia metro was up 1.2% from Q3 2023.
- Rent has risen in every quarter for the past three years in the Columbia metro.
Distribution / Warehousing
The average Asking Rent was $5.10 in the Columbia metro
- Rent in the Columbia metro was up 0.8% from Q3 2023.
- Rent Has risen for ten consecutive quarters in the Columbia metro.
Office
The average Asking Rent was $17.78 in the Columbia metro
Retail
The average Asking Rent was $13.77 in the Columbia metro
VACANCY
Apartment
The average Vacancy Rate was 6.4% in the Greenville metro
Distribution / Warehousing
The average Vacancy Rate was 6.2% in the Greenville metro
- Vacancy in the Greenville metro drifted upward by 20 basis points.
- The Greenville metro had the highest vacancy level since year-end 2021.
Office
The average Vacancy Rate was 21.5% in the Greenville metro
Retail
The average Vacancy Rate was 10.6% in the Greenville metro
- No vacancy change since Q3 2023 in the Greenville metro.
- The Greenville metro had the lowest vacancy level since year-end 2008.
RENT
Apartment
The average Asking Rent was $1,218 in the Greenville metro
Distribution / Warehousing
The average Asking Rent was $5.16 in the Greenville metro
- Rent in the Greenville metro was up 0.8% from Q3 2023.
- Rent Has risen for eleven consecutive quarters in the Greenville metro.
Office
The average Asking Rent was $20.04 in the Greenville metro
- Rent in the Greenville metro was up 0.1% from Q3 2023.
- Rent Has risen for six consecutive quarters in the Greenville metro.
Retail
The average Asking Rent was $12.70 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.