Colliers Report: Charleston Office Market Q2 2025

Colliers | South Carolina Market Report

Shrinking availability may spur new construction

Market Highlights

Class A availability in Downtown Charleston is shrinking rapidly as no full floors remain. As the submarket experiences asking rents regularly exceeding $45 per square foot, it’s increasingly likely that developers will break ground on at least one in-planning office project in the next year. While Daniel Island remains the market’s high-vacancy outlier, with 57% of its Class A space empty and 34% overall, renovations at single-tenant properties are attracting users to chip away at that availability.

Continue reading the full report.

Key Takeaways

• Rapidly shrinking Class A inventory in Downtown Charleston is likely to spur new construction starts in the next year
• Daniel Island vacancy remains high while interest grows among tenants willing to look outside of the market’s core
• 200 Meeting Steet marked the most notable investment sale in several quarters

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.