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2022 Q1 Office Charleston Report

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Lower North Charleston is becoming a hot spot

Key Takeaways

  • Tenants are choosing suburban offices due to lower prices and free parking
  • Lower North Charleston’s office submarket is posting positive absorption while adding new space

Rising costs for tenant upfits and new construction are forcing rental rates upward. Office rental rates on the peninsula are often pushed higher than tenants are willing to pay; therefore, they are choosing to locate to other areas where the rates are lower with free parking as an additional amenity. For these reasons, Class A buildings are being built and repurposed in the Lower North Charleston submarket. 

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2022 Q1 Office Charleston Report

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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.

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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. 

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