Colliers Report: Charleston Office Market Q3 2025

Colliers | South Carolina Market Report

New-to-market demand resets top-end rates as rebound continues

Market Highlights

Charleston’s office market continues its steady recovery, led by strong demand for Class A and B spaces. The market’s newest downtown delivery at Morrison Yard is commanding asking rents of $70.00/SF for furnished space, underscoring the premium placed on top-tier assets.

Class A asking rents are growing once more, averaging $34.05 per square foot, as out-of-market tenants, particularly from high-cost northeastern metros like Boston and New York, display significantly lower price sensitivity for top-quality spaces.

Continue reading the full report.

Key Takeaways

• Class A demand is strong, but pre-leasing requirements are a
  substantial barrier to new construction financing
• Out-of-market tenants displaying less price sensitivity, driving
  up asking rents at top-quality spaces
• Suburban submarkets continue to rebound as landlords reposition buildings

About Colliers

Colliers | South Carolina is the largest full-service commercial real estate firm in South Carolina with 66 licensed real estate professionals covering the state with locations in Charleston, Columbia, Greenville and Spartanburg. Colliers is an Accredited Management Organization (AMO) through the Institute of Real Estate Management (IREM) and is the largest manager of commercial real estate properties in South Carolina with a portfolio of over 26 million square feet of office, industrial, retail and healthcare properties. Colliers’ staff hold the most professional designations of any firm in South Carolina. Colliers | South Carolina’s partner, LCK, provides project management services for new facilities and renovations across South Carolina.

Colliers is a global diversified professional services and investment management company. Operating through three industry-leading platforms – Real Estate Services, Engineering and Investment Management – we have a proven business model, an enterprising culture and a unique partnership philosophy that drives growth and value creation. With annual revenues exceeding $4.8 billion, a team of 23,000 professionals and $99 billion in assets under management, Colliers remains committed to accelerating the success of our clients, investors and people worldwide. Learn more at corporate.colliers.com, X @Colliers or LinkedIn.