Skip to main content Skip to footer

2021 Q4 Office Charleston Report

Download Report
alt=""

Recovery from recession accelerated

Key Takeaways

  • The market is recovering quickly from the recession
  • Tenants are moving to better quality spaces to attract and retain talent
  • More staff are beginning to return to the office to work

The recovery from the COVID recession in the office market accelerated in the fourth quarter of 2021 with 187,829 square feet absorbed. Demand in the market was so strong that 406,459 square feet were absorbed the last year while 441,000 square feet of new space was delivered. Overall rental rates increased nearly $.50 a square foot over the year and vacancy fell from 18.5% to 19.9% in the second quarter. 

Download pdf

Download the full report

For more information, including the market summary statistics, download the full research report.

Download report

alt=""

2021 Q4 Office Charleston Report

Download Report
Related Experts

Kristie Roe

Senior Brokerage Associate

Charleston

As a Senior Brokerage Associate with Colliers International | South Carolina, my expertise is in the leasing and sale of office properties and investment sales across Charleston and the Lowcountry. My clients include investors, owners, users, landlords and tenants in both development projects and existing products.

My clients rely on my market analysis, strategic planning, contract negotiations and detailed reporting to provide positive results and the fulfillment of their real estate goals and needs.

View expert

William Ederle

Brokerage Associate

Charleston

My role at Colliers is simple: assist owners, landlords and users to navigate the Charleston and Lowcountry office market, ensuring that their commercial real estate needs and goals are met. Working with Kristie Roe, another office specialist in the Charleston market, we assist clients at all points of the leasing process. On the Colliers team, I am the point person for data tracking, monitoring analytics, tracking client contacts, directing proposals, cold calling and prospecting for business.

I am a big believer in Colliers’ platform of services, especially in the way we take market data and turn it into unique solutions that others cannot offer. My goal is to ease your mind by contextualizing your commercial real estate needs with my market knowledge and our market data. 

View expert