With the vast amount of new industrial product scheduled to deliver soon, vacancy rates in Charleston are climbing from historic lows and are expected to keep rising as more inventory hits the market. This positions Charleston as one of the fastest-growing industrial markets in the country, alongside nearby Savannah. Nearly three-fourths of the new construction is still available, which might ease the rise in rents as more spaces look to fi nd tenants. Despite this, institutional-grade deals on fully leased new properties have continued to close here, indicating that investors remain bullish on Charleston’s long-term potential.
