The Charleston Flex market is experiencing a period of growth due to port activity and manufacturing growth within the region. Currently sitting at a vacancy rate of 3.3% in Q4 2023, we can see just how in demand flex spaces are within the market, as evidenced by the vacancy rate of 3.9% in Q3 2023. This is also supported by the fact that we are seeing positive absorption in the area, to the tune of 77,905 SF positively for the past 12 months, and 34.1K SF under construction. The area is making a big push to be an ideal location for larger manufacturing and distribution services, so we can only expect to see this trend increasing.
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