The retail consumption continues to be fueled by the growing population and tourism. The new Topgolf facility next to Tanger Outlets in North Charleston opened its doors in January. Investments continue in Charleston. About $443 Million traded hands over the last year and about 80% of sales volume involved national buyers. Average asking rents in Charleston is now over $23.00/SF, the most expensive in the state. As new home construction, affordability, and population shifts further up away from the Charleston metro, so are the new retail developments. Berkeley and Dorchester County both have over 100,000 SF of new retail space in the pipeline.
