Charleston continues to outperform the greater US office market with a vacancy rate below the national average. While older, suburban product lags behind in leasing – modern, amenity rich buildings at newly delivered Class A offices are leasing at record rates Downtown. Due to limited supply of proposed new office construction, we anticipate an increase is occupancy throughout all classes and submarkets in 2024 and beyond. We are continuing to see a rise in sublease listings and a trend of Tenants downsizing as a result of hybrid and work from home remaining popular. Overall, Charleston office remains stable due to its smaller average tenant size resulting in more multi-tenanted offices throughout the region.