Figures

Charleston Industrial Figures Q2 2026

July 9, 2026 5 Minute Read

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Over the past decade, Charleston’s industrial market has shifted from exceptionally tight conditions to a more balanced environment. Vacancy fell from 7.2% in Q2 2016 to a record low of 0.3% in Q3 2022 as strong tenant demand and sustained positive absorption coincided with a rapidly expanding development pipeline. Limited available space pushed asking rents from $6.05 in Q4 2020 to a peak of $9.53 in Q3 2022. However, a wave of new deliveries beginning in 2023 outpaced demand, driving vacancy to 14.0% by Q1 2025 and availability to 18.0% by Q4 2025.