Charleston office market report

Q1 2025

Charleston’s office market conditions continue to improve as we move into 2025, with overall availability steadily declining and approaching pre-pandemic levels. Every submarket—except the western suburbs—has outperformed its Q4 availability numbers, while asking rents have risen and positive absorption persists. Although leasing activity is slightly down from the previous quarter, Charleston’s favorable economic conditions set a promising tone for the remainder of 2025.

1.9%

Downtown trophy availability is limited

Downtown Charleston’s trophy assets are showing a remarkably low availability rate of just 1.9%.

0.6%

Three consecutive quarters of positive net absorption (QTD)

Among Charleston's urban office submarkets, the CBD is the only one to post positive net absorption this quarter, at 0.5% of total inventory (QTD).

$6.97

Base rent ($) between trophy and class A office leases

Over the past year, office leases for trophy and class A buildings in the greater Charleston area have reflected an average base rent gap of $6.97.

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Get in-depth office market reports and insights from commercial real estate experts in the Greater Charleston area. Avison Young advisors look at Charleston commercial real estate activities and the latest Charleston statistics to provide you expert market research on Charleston's office properties.

Explore different topics like the latest office market pricing trends and analysis of Charleston's current office real estate market conditions. Gain a better understanding of Charleston’s office real estate outlook and stay ahead of current office space trends. Make smart decisions when it comes to investing in office properties in Charleston's competitive office real estate market. Avison Young is your trusted source for commercial real estate office market insights in Charleston.