2023 Office Space Rent & Sales
- $30.48 2023 Avg. Asking Rent
- 17.92% 2023 Office Vacancy Rate
Mount Pleasant office price per square foot in 2023 was $30.48 on average. The local office market recorded an average vacancy rate of 17.92% 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
- Mount Pleasant Class A & A+ Office Space$37.29
- Mount Pleasant Class B Office Space$29.28
- Mount Pleasant Class C Office Space$20.21
- 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
Mount Pleasant, SC Office Asking Rents by Class
Average office rent in Mount Pleasant rested at $30.48 per square foot in 2023. As would be expected, office rent price showed some variation from one asset class to another. As such, the asking rent for class A office space in Mount Pleasant averaged $37.29 per square foot. Across all submarkets, class B office space recorded an average asking rent of $29.28 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $20.21 per square foot, on average. Comparably, statewide South Carolina average office rents by class in 2023 were: $29.25 per square foot for class A office space; $23.44 per square foot for class B office space; $25.64 per square foot for class C office space.
Office Spaces for Rent in South Carolina
Coworking Spaces in South Carolina
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2023 Office Construction in Mount Pleasant, SC
| Office building | Address | SF | Completed |
|---|---|---|---|
| 1214 Chuck Dawley Blvd | 1214 Chuck Dawley Blvd, 29464 | 10,000 | 2024 |
| Gateway Mount Pleasant | 235 Magrath Darby Blvd, 29464 | 65,000 | 2018 |
| Belle Hall II | 1671 Belle Isle Avenue, 29464 | 36,448 | 2007 |
| Moultrie Office Park | 496 Bramson Ct, 29464 | 11,120 | 2007 |
| Tides Medical Arts Center | 180 Wingo Way, 29464 | 69,000 | 2006 |
| Queensborough Village | 1100 Queensborough Blvd, 29464 | 12,392 | 2006 |
| Queensborough Village | 1100 Queensborough Blvd, 29464 | 12,392 | 2006 |
| 11 Ewall St | 11 Ewall St, 29464 | 64,036 | 2003 |
| Palmetto Office Park | 1037 Chuck Dawley Blvd, 29464 | 8,083 | 2002 |
| Wando Commons | 498 Wando Park Blvd, 29464 | 45,114 | 1999 |
Worth noting among recent office completions on the Mount Pleasant market is 1214 Chuck Dawley Blvd, which is currently the largest new office development in the city, at 10,000 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 Mount Pleasant 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.