Office Market

The Charleston office market remains robust, with positive absorption and consistent rent growth. A tight construction pipeline, with no significant new office deliveries expected, will further constrict the market. This scarcity of Class A space is driving rental rate increases in existing high-quality buildings as tenants compete for limited inventory. In the premier Downtown submarket, top-tier rates are now pushing the $50/SF full-service benchmark. The medical office sector is a particularly strong driver of
growth throughout the region. With demand outpacing supply, the market is expected to remain landlord-favored. Making Charleston a compelling location for current asset owners.