Industrial Market

Charleston’s industrial market showed steady performance in Q2 2025, with 668,023 SF of net absorption, up from 501,249 SF in Q1. Vacancy rose to 15.3%, continuing its climb from 10.4% in Q2 2024. Speculative construction has slowed as the market works through recent deliveries. Despite elevated vacancy, leasing remains active, driven by port-related logistics. While trade tensions may delay some decisions, tenant interest is strong. With speculative activity easing and absorption staying positive, Charleston is well-positioned for recovery. The market’s fundamentals remain solid, reinforcing Charleston’s role as a key logistics and distribution hub in the Southeast.