Retail Market

The Charleston market remains robust, though rates appear to be reaching their peak. Inflation continues to pose a significant challenge, acting as a persistent headwind. Additionally, rising interest rates are starting to slow down development activities. Despite these obstacles, the market’s strength is evident, with ongoing demand and investment. Charleston’s submarkets are attracting tenants due to the rise of mixed-use communities in the areas surrounding downtown. This trend is drawing more people to these vibrant and convenient neighborhoods, resulting in increased retail demand.