Colliers Report: Charleston Retail Market Q1 2025
June 11, 2025
Colliers | South Carolina Market Report
Experiential retail moves the needle in tight market
Market Highlights
The Charleston market saw solid leasing activity and absorption to start the year even as inflation-adjusted retail spending trended slightly below the prior year, absorbing 125,394 square feet. Average lease rates flattened, partially the product of inventory limitations as recently delivered properties near full leasing. As the Charleston market’s population remains relatively young, experiential retail remains a headline trend, particularly for older properties. In recent quarters, PickleBar, PickleRage and ParTee Shack have each taken 40,000 square feet or more.
Continue reading the full report.
Key Takeaways
- Asking rents flattening as an increasing percentage of available space is in older properties
- Renovation activity is increasing competitiveness in submarkets with older inventory
- Shopping center sales volume fell drastically despite healthy leasing.
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.
