Is Charleston the most affordable industrial market in the Southeast?

• Charleston experienced the least amount of industrial rent growth over the past three years compared to its counterparts in the Southeast.
• While the market did not have the lowest asking rates in 2023, rates have only risen by 22% since 2020. The port-centered market’s connectivity and affordability present an attractive opportunity for tenants.
• Over the past 10 years, the inventory has nearly doubled, increasing by 91%. As the Southeast continues to experience rapid industrial growth, demand for space in Charleston is expected to increase significantly.

March 27, 2024

Additional resources

• View our latest Charleston industrial market report
• Supply chains scramble to prepare as port union contract pressures mount
• 2024 Drivers of change: manufacturing's path forward

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