Colliers Report: Charleston Retail Market Q2 2025

Colliers | South Carolina Market Report

Renovations, move-outs create quality availability

Market Highlights

Absorption flipped to net negative in Q2 after solid gains the past two quarters, an indicator of the minimal-availability environment created by several years of strong performance and low construction volume. The bulk of vacancy is concentrated in older corridors in North Charleston, including Dorchester Road and Rivers Avenue, where strategic reinvestment and nontraditional anchors are revitalizing aging centers and spurring acquisition activity.

Continue reading the full report.

Key Takeaways

• New vacancies provide opportunities for rent growth in high-demand submarkets
• Leasing increasingly geared towards high-income migrants with fitness and entertainment users active
• Recently-renovated properties attracting rents comparable to new-build properties

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.