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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 7.8% in the Charleston metro
- No vacancy change since year-end 2021 in the Charleston metro.
- The Charleston metro had the lowest vacancy level since Q3 2019.
- Vacancy is expected to finish 2022 at 7.9% in the Charleston metro.
Distribution / Warehousing
The average Vacancy Rate was 9.6% in the Charleston metro
- Vacancy in the Charleston metro fell by 70 basis points.
- The Charleston metro had the lowest vacancy level since Q1 2017.
- Vacancy is expected to finish 2022 at 8.5% in the Charleston metro.
Office
The average Vacancy Rate was 21.7% in the Charleston metro
- Vacancy in the Charleston metro increased by 230 basis points.
- The Charleston metro had the highest vacancy level since Q3 1999.
- Vacancy is expected to finish 2022 at 19.5% in the Charleston metro.
Retail
The average Vacancy Rate was 8.5% in the Charleston metro
- Vacancy in the Charleston metro drifted upward by 10 basis points.
- The Charleston metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2022 at 8.7% in the Charleston metro.
RENT
Apartment
The average Asking Rent was $1,601 in the Charleston metro
- Rent in the Charleston metro was up 3.6% from year-end 2021.
- Rent Has risen for six consecutive quarters in the Charleston metro.
- Rent is expected to finish 2022 at $1,658 in the Charleston metro.
Distribution / Warehousing
The average Asking Rent was $6.26 in the Charleston metro
- Rent in the Charleston metro was up 1.6% from year-end 2021.
- Charleston metro had its fastest rent rate of increase since Q1 2017.
- Rent is expected to finish 2022 at $6.40 in the Charleston metro.
Office
The average Asking Rent was $25.00 in the Charleston metro
- Rent in the Charleston metro was down 0.4% from year-end 2021.
- Rent is expected to finish 2022 at $25.16 in the Charleston metro.
Retail
The average Asking Rent was $15.52 in the Charleston metro
- Rent in the Charleston metro was down 0.1% from year-end 2021.
- Rent is expected to finish 2022 at $15.53 in the Charleston metro.
VACANCY
Apartment
The average Vacancy Rate was 5.0% in the Charlotte metro
- Vacancy in the Charlotte metro drifted downward by 40 basis points.
- The Charlotte metro had the lowest vacancy level since Q1 2018.
- Vacancy is expected to finish 2022 at 4.6% in the Charlotte metro.
Distribution / Warehousing
The average Vacancy Rate was 5.2% in the Charlotte metro
- Vacancy in the Charlotte metro has been in decline for eight consecutive quarters.
- The Charlotte metro had the lowest vacancy level since Q3 2009.
- Vacancy is expected to finish 2022 at 5.0% in the Charlotte metro.
Flex / R&D
The average Vacancy Rate was 11.8% in the Charlotte metro
- Vacancy in the Charlotte metro increased by 160 basis points.
- Vacancy is expected to finish 2022 at 9.4% in the Charlotte metro.
Office
The average Vacancy Rate was 18.5% in the Charlotte metro
- Vacancy in the Charlotte metro declined by 70 basis points.
- Vacancy is expected to finish 2022 at 18.5% in the Charlotte metro.
Retail
The average Vacancy Rate was 9.5% in the Charlotte metro
- Vacancy in the Charlotte metro drifted downward by 10 basis points.
- The Charlotte metro had the lowest vacancy level since Q3 2019.
- Vacancy is expected to finish 2022 at 9.7% in the Charlotte metro.
RENT
Apartment
The average Asking Rent was $1,427 in the Charlotte metro
- Rent in the Charlotte metro was up 2.1% from year-end 2021.
- Rent Has risen for six consecutive quarters in the Charlotte metro.
- Rent is expected to finish 2022 at $1,475 in the Charlotte metro.
Distribution / Warehousing
The average Asking Rent was $5.38 in the Charlotte metro
- Rent in the Charlotte metro was up 1.5% from year-end 2021.
- Rent Has risen for seven consecutive quarters in the Charlotte metro.
- Rent is expected to finish 2022 at $5.53 in the Charlotte metro.
Flex / R&D
The average Asking Rent was $8.94 in the Charlotte metro
- Rent in the Charlotte metro was up 1.2% from year-end 2021.
- Rent Has risen for six consecutive quarters in the Charlotte metro.
- Rent is expected to finish 2022 at $9.19 in the Charlotte metro.
Office
The average Asking Rent was $28.79 in the Charlotte metro
- Rent in the Charlotte metro was up 0.7% from year-end 2021.
- Rent has risen in every quarter since Q3 2013 in the Charlotte metro.
- Rent is expected to finish 2022 at $28.98 in the Charlotte metro.
Retail
The average Asking Rent was $19.92 in the Charlotte metro
- Rent in the Charlotte metro was up 0.2% from year-end 2021.
- Rent is expected to finish 2022 at $20.01 in the Charlotte metro.
VACANCY
Apartment
The average Vacancy Rate was 4.3% in the Columbia metro
- Vacancy in the Columbia metro declined by 50 basis points.
- The Columbia metro had the lowest vacancy level since Q3 1999.
- Vacancy is expected to finish 2022 at 4.1% in the Columbia metro.
Distribution / Warehousing
The average Vacancy Rate was 9.9% in the Columbia metro
- Vacancy in the Columbia metro rose by 260 basis points.
- Vacancy is expected to finish 2022 at 7.8% in the Columbia metro.
Office
The average Vacancy Rate was 16.9% in the Columbia metro
- Vacancy in the Columbia metro fell by 60 basis points.
- The Columbia metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2022 at 17.1% in the Columbia metro.
Retail
The average Vacancy Rate was 11.2% in the Columbia metro
- Vacancy in the Columbia metro drifted downward by 10 basis points.
- The Columbia metro had the lowest vacancy level since Q1 2018.
- Vacancy is expected to finish 2022 at 11.8% in the Columbia metro.
RENT
Apartment
The average Asking Rent was $1,068 in the Columbia metro
- Rent in the Columbia metro was up 1.8% from year-end 2021.
- Rent is expected to finish 2022 at $1,098 in the Columbia metro.
Distribution / Warehousing
The average Asking Rent was $4.50 in the Columbia metro
- Rent in the Columbia metro was up 0.9% from year-end 2021.
- Rent is expected to finish 2022 at $4.60 in the Columbia metro.
Office
The average Asking Rent was $17.40 in the Columbia metro
- Rent in the Columbia metro was down 0.5% from year-end 2021.
- Rent is expected to finish 2022 at $17.54 in the Columbia metro.
Retail
The average Asking Rent was $13.60 in the Columbia metro
- Rent in the Columbia metro was up 0.1% from year-end 2021.
- Rent is expected to finish 2022 at $13.71 in the Columbia metro.
VACANCY
Apartment
The average Vacancy Rate was 5.5% in the Greenville metro
- Vacancy in the Greenville metro drifted downward by 30 basis points.
- The Greenville metro had the lowest vacancy level since Q3 2019.
- Vacancy is expected to finish 2022 at 5.1% in the Greenville metro.
Distribution / Warehousing
The average Vacancy Rate was 5.4% in the Greenville metro
- Vacancy in the Greenville metro fell by 230 basis points.
- The Greenville metro had the lowest vacancy level since Q1 2017.
- Vacancy is expected to finish 2022 at 5.4% in the Greenville metro.
Office
The average Vacancy Rate was 21.2% in the Greenville metro
- Vacancy in the Greenville metro rose by 60 basis points.
- The Greenville metro had the highest vacancy level since year-end 2005.
- Vacancy is expected to finish 2022 at 20.7% in the Greenville metro.
Retail
The average Vacancy Rate was 11.7% in the Greenville metro
- Vacancy in the Greenville metro drifted downward by 10 basis points.
- The Greenville metro had the lowest vacancy level since Q1 2020.
- Vacancy is expected to finish 2022 at 12.0% in the Greenville metro.
RENT
Apartment
The average Asking Rent was $1,108 in the Greenville metro
- Rent in the Greenville metro was up 1.6% from year-end 2021.
- Rent Has risen for six consecutive quarters in the Greenville metro.
- Rent is expected to finish 2022 at $1,139 in the Greenville metro.
Distribution / Warehousing
The average Asking Rent was $4.36 in the Greenville metro
- Rent in the Greenville metro was up 1.9% from year-end 2021.
- Greenville metro had its fastest rent rate of increase since Q1 2017.
- Rent is expected to finish 2022 at $4.47 in the Greenville metro.
Office
The average Asking Rent was $19.23 in the Greenville metro
- Rent in the Greenville metro was down 0.1% from year-end 2021.
- Rent is expected to finish 2022 at $19.26 in the Greenville metro.
Retail
The average Asking Rent was $12.63 in the Greenville metro
- Rent in the Greenville metro was up 0.2% from year-end 2021.
- Rent is expected to finish 2022 at $12.67 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.