CHARLESTON’S INDUSTRIAL MARKET
POISED FOR FUTURE GROWTH
Q1 2025 RECAP
• Charleston’s industrial market delivered approximately 1.3 million square feet in Q1. This new product provides the platform for continued growth.
• Last year’s uncertainty surrounding the 2024 Presidential Election and potential East Coast port strikes has now evolved into the handling of tariffs and how businesses are navigating this new environment.
• The change in tariffs are creating uncertainty among the industrial user and investor base.
• The overall vacancy rate is consistent at 18.5% with the majority of vacant supply residing in the Summerville/Jedburg and Ridgeville submarkets.
• Likewise, rental rates are mirroring vacancy rates with the highest rates found in infill, port proximate areas.
• There is increased activity among private equity firms where varieties of businesses are being rolled up into private equity with aggressive financing programs.
IOS SITE SALES ON THE RISE
• The Charleston market is witnessing increased activity in the IOS market. Since November 2024, there has been an aggregate volume of approximately $65 million in sales transactions including: 1069 Lincoln Ave
7221 Cross Park Dr* 14,800 SF 2.94 acres $5,010,000
7227 Cross Park Dr* 10,200 SF 2.68 acres
• Alterra National Portfolio Sale to Peakstone Realty Trust
INFRASTRUCTURE PROJECTS
