Figures

Charleston Industrial Figures Q4 2024

January 17, 2025 5 Minute Read

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Market Overview

The Charleston market concluded the year positively, with net absorption of 2.2 million sq. ft. and 2.8 million sq. ft. in overall leasing activity. The fourth quarter saw a slowdown in speculative construction, marked by two new building starts totaling 549,000 sq. ft. and deliveries reaching 988,858 sq. ft. While these projects will add to future supply, it is anticipated that leasing activity will gradually reduce vacancy rates over the coming year.