Retail Market

RETAIL REAL ESTATE FUELED BY shopping centers

The Charleston retail market continues to show noteworthy strength in its current trajectory. Shopping centers in strategic locations, in particular, have a remarkable low vacancy rate of only 3.5%. Leasing activity is robust, with no imminent signs of weakening. Retail investment sales, on the other hand, move at a slower pace. Notable is the significant influx of 636,695 SF of retail space currently under development, with the majority of it coming from Berkley County and the developing Nexton area. This revolutionary trend highlights Charleston’s retail landscape’s notable geographic spread, beyond its traditional location around Downtown/King Street.
Lee and Associates - Charleston, SC|Charleston Retail Market

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