Office Market

The Charleston Office Market has shown remarkable resilience through the second quarter of 2024. Leasing activity in downtown and nearby submarkets has increased. With limited new construction and the absence of new construction starts, we anticipate positive absorption of office space throughout the market for the rest of the year. Charleston continues to attract businesses seeking smaller spaces in a tight market. This trend suggests a strong finish for the year, including rental rate increases for most submarkets. Charleston’s niche appeal has continued to drive new to market companies to open office locations to service the growing population base.