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
Apartment
Average Vacancy Rate 10.4%
- Highest in the nation.
- Has risen for six consecutive quarters.
- Highest level since Q2 2010.
Distribution / Warehousing
Average Vacancy Rate 16.7%
- Fell by 190 basis points.
- Among the 10 highest vacancies nationally.
- Expected to finish 2021 at 16.0%.
Office
Average Vacancy Rate 18.5%
- Rose by 80 basis points.
- Highest level since Q3 1999.
- Expected to finish 2021 at 19.6%.
Retail
Average Vacancy Rate 9.4%
- Rose by 100 basis points.
- Highest level since Q2 2015.
- Expected to finish 2021 at 10.9%.
RENT
Apartment
Average Asking Rent $1,280
- Down 0.5% from year-end 2020.
- Expected to finish 2021 at $1,328.
Distribution / Warehousing
Average Asking Rent $5.97
- Up 0.3% from year-end 2020.
- Expected to finish 2021 at $6.04.
Office
Average Asking Rent $25.00
- Lowest rent growth in the nation.
- Expected to finish 2021 at $24.49.
Retail
Average Asking Rent $15.45
- Lowest rent growth in the nation.
- Has been in decline for six consecutive quarters.
- Expected to finish 2021 at $14.75.
VACANCY
Apartment
Average Vacancy Rate 6.3%
- Drifted upward by 20 basis points.
- Among the 20 highest vacancies nationally.
- Expected to finish 2021 at 5.8%.
Distribution / Warehousing
Average Vacancy Rate 10.9%
- Declined by 70 basis points.
- Lowest level since year-end 2018.
- Expected to finish 2021 at 10.4%.
Flex / R&D
Average Vacancy Rate 11.1%
- Drifted upward by 30 basis points.
- Highest level since Q1 2017.
- Expected to finish 2021 at 11.1%.
Office
Average Vacancy Rate 15.6%
- Drifted downward by 20 basis points.
- Among the 20 lowest vacancies nationally.
- Expected to finish 2021 at 17.7%.
Retail
Average Vacancy Rate 9.7%
- Drifted downward by 10 basis points.
- Expected to finish 2021 at 11.6%.
RENT
Apartment
Average Asking Rent $1,206
- Up 0.3% from year-end 2020.
- Expected to finish 2021 at $1,233.
Distribution / Warehousing
Average Asking Rent $5.07
- Up 0.8% from year-end 2020.
- Fastest rate of increase in four quarters.
- Expected to finish 2021 at $5.18.
Flex / R&D
Average Asking Rent $8.55
- Up 0.1% from year-end 2020.
- Expected to finish 2021 at $8.57.
Office
Average Asking Rent $27.43
- Up 0.1% from year-end 2020.
- Has risen in every quarter since Q3 2013.
- Expected to finish 2021 at $27.10.
Retail
Average Asking Rent $19.83
- Up 0.2% from year-end 2020.
- Expected to finish 2021 at $19.09.
VACANCY
Apartment
Average Vacancy Rate 5.8%
- Drifted downward by 20 basis points.
- Expected to finish 2021 at 5.5%.
Distribution / Warehousing
Average Vacancy Rate 11.6%
- Fell by 50 basis points.
- Lowest level since Q2 2017.
- Expected to finish 2021 at 11.9%.
Office
Average Vacancy Rate 17.5%
- Drifted upward by 10 basis points.
- Highest level since Q2 2017.
- Expected to finish 2021 at 18.5%.
Retail
Average Vacancy Rate 12.7%
- Drifted upward by 30 basis points.
- Expected to finish 2021 at 14.2%.
RENT
Apartment
Average Asking Rent $954
- Up 0.9% from year-end 2020.
- Expected to finish 2021 at $966.
Distribution / Warehousing
Average Asking Rent $4.32
- Up 0.2% from year-end 2020.
- Expected to finish 2021 at $4.37.
Office
Average Asking Rent $17.47
- Up 0.2% from year-end 2020.
- Expected to finish 2021 at $17.35.
Retail
Average Asking Rent $13.53
- Up 0.2% from year-end 2020.
- Expected to finish 2021 at $13.20.
VACANCY
Apartment
Average Vacancy Rate 6.2%
- Drifted upward by 10 basis points.
- Among the 20 highest vacancies nationally.
- Expected to finish 2021 at 5.6%.
Distribution / Warehousing
Average Vacancy Rate 15.8%
- Declined by 90 basis points.
- Among the 10 highest vacancies nationally.
- Expected to finish 2021 at 14.8%.
Office
Average Vacancy Rate 20.6%
- Drifted upward by 20 basis points.
- Highest level since Q3 2011.
- Expected to finish 2021 at 22.1%.
Retail
Average Vacancy Rate 12.0%
- Declined by 50 basis points.
- Expected to finish 2021 at 14.1%.
RENT
Apartment
Average Asking Rent $937
- Up 0.1% from year-end 2020.
- Expected to finish 2021 at $965.
Distribution / Warehousing
Average Asking Rent $4.12
- Down 0.5% from year-end 2020.
- Expected to finish 2021 at $4.19.
Office
Average Asking Rent $19.02
- Fifth fastest rent growth in the nation, and the second in the South Atlantic region, behind only Memphis.
- Fastest rate of increase in ten quarters.
- Expected to finish 2021 at $18.42.
Retail
Average Asking Rent $12.50
- Up 0.1% from year-end 2020.
- Expected to finish 2021 at $12.10.
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.