Colliers Report: Charleston Industrial Market Q1 2025
April 24, 2025
Colliers | South Carolina Market Report
Positive momentum ahead of trade challenges
Market Highlights
Charleston’s speculative pipeline is beginning to realign with market demand with vacancy expected to peak this year, though the market faces nearly a decade of excess bulk inventory. Leasing activity remains strong in the sub-20,000-square-foot market, dominated by service providers and construction-adjacent firms supporting the region’s robust overall growth. While the region’s workforce is experiencing similarly rapid growth, the market’s traditional logistics user base is increasingly facing employment challenges in an environment characterized by high housing costs and low unemployment rates.
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Key Takeaways
- Lower move-outs and steady leasing boosted net absorption to positive levels
- Trade wars could negatively impact users in logistics and manufacturing
- Total occupied inventory has remained largely flat for the last two years with vacancy likely to peak in 2025.
About Colliers | South Carolina
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.
