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2021 Q3 Retail Charleston Report

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2020 Census reflected strong growth for the Charleston MSA

Key Takeaways

  • Trends in income, population and retail sales growth will benefit retail in Charleston
  • The overall retail market vacancy dropped to 4.83%

According to the 2020 Census, the Charleston metropolitan statistical area (MSA) population has grown from 664,607 in 2010 to 799,636 people in 2020, an increase of 20.32% over the past ten years. The average median household income within the Charleston MSA during 2020 was $69,240 a 44.06% increase over the 2010 average median income of $48,062. In addition, gross retail sales increased by 73.44% from 2010 through 2021. 

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2021 Q3 Retail Charleston Report

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Related Experts

Patrick Nealon

Brokerage Associate

Charleston

I am a Brokerage Associate and part of the Retail Services Team in the Charleston office. I enjoy working in retail real estate because it is ever-changing with technology, e-commerce and last-mile delivery. I am highly motivated, dedicated, high energy, persistent and bring a fresh perspective to the evolving industry. The most rewarding part of my job is helping people find a space that suits their business. It is exciting to me that you never know who you will meet, who you will run into or what will come your way.

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