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www.CharlestonCommercialMarketForecast.com
Office
2017
Charleston
Market
Leslie Fellabom
Senior Vice President
Office Services
www.CharlestonCommercialMarketForecast.com
Charleston Growth
www.CharlestonCommercialMarketForecast.com
17,800,000
18,000,000
18,200,000
18,400,000
18,600,000
18,800,000
19,000,000
19,200,000
19,400,000
2Q13 2Q14 2Q15 2Q16 2Q17
2Q17 Inventory
Downtown
East Suburbs
North Charleston
North Suburbs
West Suburbs
Tri-County Inventory
www.CharlestonCommercialMarketForecast.com
3.5%
4.5%
5.5%
6.5%
7.5%
8.5%
9.5%
2Q13
2Q14
2Q15
2Q16
2Q17
9.0%
8.9%
7.3%
8.4%
7.2%
Tri-County Vacancy Rates
www.CharlestonCommercialMarketForecast.com
Submarket Vacancy & Rental Rates
www.CharlestonCommercialMarketForecast.com
Southeast Vacancy & Rental Rates
www.CharlestonCommercialMarketForecast.com
"One of the top 25 Best Performing Large Cities"
- Milken Institute
CHARLESTON PORTS ARE A KEY ASSET
Increasing
Investments in
Manufacturing
Facilities
#1
EXPORT
GROWTH
IN USA
-Global Cities Initiative
AUGUST 2017
Growth
www.CharlestonCommercialMarketForecast.com
The growth in export related advanced
manufacturing is powering an
impressive multiplier effect, resulting in
the demand for more jobs.
Growth
www.CharlestonCommercialMarketForecast.com
Growth
www.CharlestonCommercialMarketForecast.com
34peopleadaymovetoCharleston
Growth
Median
Age
36
www.CharlestonCommercialMarketForecast.com
Mixed Use
Amenity Rich
Community
Product type is changing...
Office Design
www.CharlestonCommercialMarketForecast.com
LSP3
Current & Future Trends
www.CharlestonCommercialMarketForecast.com
Deliveries 2017
www.CharlestonCommercialMarketForecast.com
22 WestEdge
139,385 SF
317 Meeting Street
30,000 SF
Downtown Charleston
460,000 SF Total
Deliveries 2018-2020
www.CharlestonCommercialMarketForecast.com
229 Huger Street
11,302 SF
Jasper
75,000 SF
Downtown Charleston
460,000 SF Total
Deliveries 2018-2020
www.CharlestonCommercialMarketForecast.com
55 Romney Street
260 Unit Residential
45 Romney Street
100,000 SF
Flagship 3
60,000 SF
Downtown Charleston
460,000 SF Total
Deliveries 2018-2020
www.CharlestonCommercialMarketForecast.com
235 McGrath Darby Blvd
60,000 SF
Mt. Pleasant
219,400 SF Total
Ferry Wharf
120,000 SF
1681 Belle Isle Ave
39,400 SF
Deliveries 2018-2020
www.CharlestonCommercialMarketForecast.com
Daniel Island
172,000 SF Total
Fairchild Street
172,000 SF
Deliveries 2018-2020
www.CharlestonCommercialMarketForecast.com
North Charleston
200,000 SF Total
4854 O’Hear Ave | Garco Mill
65,000 SF
8571 Rivers Ave | T-Mobile
65,000 SF
Deliveries 2018-2020
www.CharlestonCommercialMarketForecast.com
Deliveries 2018-2020
One Nexton Way
137,000 SF
Summerville
137,000 SF Total
www.CharlestonCommercialMarketForecast.com
And…this is next…

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