2023 Office Space Rent & Sales
- $25.62 2023 Avg. Asking Rent
- 16.50% 2023 Office Vacancy Rate
North Charleston office price per square foot in 2023 was $25.62 on average. The local office market recorded an average vacancy rate of 16.50% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- North Charleston Class A & A+ Office Space$27.61
- North Charleston Class B Office Space$23.92
- South Carolina Class A & A+ Office Space$29.25
- South Carolina Class B Office Space$23.44
- South Carolina Class C Office Space$25.64
North Charleston, SC Office Asking Rents by Class
2023 Office Vacancy Rates in North Charleston
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Charleston - North Central | $36.56 | 75.28% |
| North Charleston | $25.45 | 18.58% |
Office Spaces for Rent in South Carolina
Coworking Spaces in South Carolina
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2023 Office Construction in North Charleston, SC
- North Charleston, SC Total SF under construction in 2024 57,716
| Office building | Address | SF | Completed |
|---|---|---|---|
| 3618 Ashley Phosphate Road | 3618 Ashley Phosphate Road, 29418 | 8,000 | 2008 |
| Palmetto Park | 3294 Ashley Phosphate Road, 29418 | 88,330 | 1988 |
| 2850 Ashley Phosphate Rd | 2850 Ashley Phosphate Rd, 29418 | 8,380 | 1986 |
| Northside Executive Center | 7410 Northside Drive, 29420 | 66,000 | 1982 |
Worth noting among recent office completions on the North Charleston market is 3618 Ashley Phosphate Road, which is currently the largest new office development in the city, at 8,000 square feet.
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all North Charleston commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.