The future is bright for manufacturing in Charleston

Manufacturing labor pool growth rate compared to manufacturing industrial property subtype vacancy rates in Charleston from 2018 to 2024
  • Charleston is notably one of the top-growing manufacturing markets in the U.S., with the automotive & transportation industry as the driving sector. The region is home to over 65 automotive OEM companies and component manufacturers including Volvo, Mercedes-Benz, Bosch, and Cummins.
  • The manufacturing labor pool has expanded by 25% over the past six years, with around 33.7k employees in the market. As a result, the industrial property subtype has thrived.
  • Charleston’s manufacturing vacancy rate remains just below 2.0%, while overall industrial vacancy has risen to about 11.7%.

June 25, 2024

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US-SC-CRW Charleston