Road Trip Summer Series


Part 2 – Charleston, SC

Charleston's retail market is booming! The city is home to a diverse mix of businesses, from small, independent shops to large, national chains. In recent years, Charleston has seen a surge of retail development, with several new shopping centers and mixed-use developments opening their doors.

The city's strong tourism industry is a major driver of its retail market. Visitors from all over the world come to Charleston to experience its unique blend of history, culture, and food. Many of these visitors also do their shopping in Charleston, helping to support the numerous small businesses.

The retail market in Charleston is expected to continue to grow in the coming years. The city's strong economy and growing population are creating a favorable environment for retailers. In addition, Charleston's reputation as a tourist destination is likely to continue to attract new retailers to the city.

Charleston's notable submarkets


DOWNTOWN

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MOUNT PLEASANT

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FOLLY BEACH

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ISLE OF PALMS

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SULLIVAN'S ISLAND

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Submarket insights


10.5M sf

inventory

35.7K sf

under construction

67.6K sf

12 mo. net absorption

3.5%

vacancy rate

$35.72/sf

market rent

$374/sf

market sale price

5.8%

market cap rate

King Street market insights


1.3M sf

inventory

0 sf

under construction

34.9K sf

12 mo. net absorption

4%

vacancy rate

$51.34/sf

market rent

$555/sf

market sale price

5.3%

market cap rate

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