09/21/2026
🏢 Charleston & South Carolina Commercial Real Estate Update — Q3 2026
The Charleston market continues to evolve, and the latest numbers tell a more nuanced story than simply “up” or “down.”
📊 What I’m Watching
• 🏭 Industrial: Charleston absorbed more than 3.46 million SF during the first half of 2026, with vacancy continuing to fall. Flex and smaller-bay industrial remain particularly tight. (Colliers)
• 🏢 Office: Quality continues to matter. Larger Class A blocks are becoming harder to find, with prime Peninsula rents exceeding $50/SF and newer top-end space reaching above $60/SF. (Colliers)
• 🏘️ Multifamily: Development continues moving inland toward North Charleston, Summerville and Goose Creek, following population and affordability patterns. (Colliers)
• ⚡ Development: Across South Carolina, available power is becoming an increasingly important consideration for industrial users and developers. (Colliers)
• 📈 Economy: South Carolina added 10,800 jobs in August, with employment up 1.6% year-over-year. (Bureau of Labor Statistics)
💡 My Take
That suggests to me that Charleston is entering a more selective phase of the cycle. The opportunities are still there—but understanding the specific asset, submarket, tenant base and basis matters more than ever.
As always, I’m here to help evaluate your options and make sense of the market.