Q3 2025 | CHARLESTON, SC
INDUSTRIAL MARKET REPORT
Q3 MARKET SNAPSHOT
Q3 TRENDS & HIGHLIGHTS
TOTAL MARKET
BULK (100,000 SF+)
OVERALL INVENTORY*
OVERALL INVENTORY*
VACANCY
VACANCY
81.1 MILLION SF 58.1 MILLION SF 17.2%
22.1%
Q3 CONSTRUCTION & DELIVERIES CONSTRUCTION
1.9 MILLION SF YTD DELIVERIES
2.0 MILLION SF * 81.1 Million SF does not include 23.0 Million SF of specialized buildings.
• DEMAND FOR LARGE-FORMAT INDUSTRIAL SPACE IS RISING, BUT HIGH VACANCY PERSISTS AS DEVELOPERS OFFER INCENTIVES TO ATTRACT TENANTS. • DEMAND FOR SMALL-FORMAT INDUSTRIAL IS STRONG AMID TIGHT SUPPLY. • INSTITUTIONAL INVESTMENT SALES ARE LIMITED, AND OWNER/USERS ARE EMERGING AS THE PREFERRED BUYERS. • LEADERSHIP CHANGES WITHIN THE SCSPA WILL BE IMPACTFUL IN THE NEAR FUTURE. • TARIFFS ARE DRIVING CORPORATE GLOBAL REALIGNMENT TOWARD ONSHORING. • MILITARY BUILD-UP IS CREATING OPPORTUNITY IN INDUSTRIAL.
Q3 2025 charleston industrial MARKET REPORT
Q3 SUBMARKET SUMMARY
PERCENTAGE BREAKDOWN BASED ON OVERALL SQUARE FOOTAGE BY TYPE, SIZE, & CLASS Other
AVERAGE ASKING RENTAL RATES BY BUILDING TYPE/CLASS
CLASS A BULK WAREHOUSE
INDUSTRY TYPE Manufacturing
100,000 - 350,000 SF $6.75- $7.75 PSF NNN 350,000 SF + $5.75 - $7.50 PSF NNN
9%
Distribution / Warehouse
61%
31%
Distribution/Warehouse Manufacturing Other
CLASS B WAREHOUSE 50,000 SF - 200,000 SF + $6.50 - $7.75 PSF NNN
26%
200,000 SF + $5.50 - $6.25 PSF NNN
SIZE
31%
+500,000 SF 100,000 - 499,999 SF 10,000 - 99,999 SF
43% 500,000
SHALLOW BAY
200,000 - 499,999
100,000 - 199,999
17%
10,000 - 20,000 SF $13.00 - $15.00 PSF NNN
OVERALL CLASS Class A: 200 Buildings
44%
20,000 - 40,000 SF $12.00 - $13.00 PSF NNN
Class B: 443 Buildings
38%
Class A
ALL NON-SPECIALIZED BUILDINGS (+10,000 SF)
Class B
Class C: 511 Buildings
Class C
RBA SF
# OF BLDGS
TOTAL VACANT SF
VACANCY RATE
UNDER CONSTRUCTION SF
Charleston/N. Charleston
17,995,604
509
2,138,070
11.9%
259,200
795,578
Hanahan/North Rhett
5,114,565
48
287,640
5.6%
0
0
Ladson/Palmetto
11,696,923
114
2,032,040
17.4%
21,538
300,602
Clements Ferry
6,354,234
113
697,852
10.9%
0
483,696
Summerville/Jedburg
25,318,553
220
5,383,480
21.2%
1,348,019
384,400
Goose Creek/Moncks Corner
3,695,057
52
66,400
1.8%
0
12,000
Ridgeville
7,820,509
13
2,247,505
28.7%
262,000
0
Other*
3,142,065
85
1,099,244
34.9%
0
0
TOTAL MARKET**
81,137,510
1,154
13,952,231
17.2%
1,890,757
1,976,276
SUBMARKET
Bridge tracks buildings 10,000 SF and greater. Bridge uses only internal research within its Charleston office for its market research. *Other includes St. George and other outlying rural areas within +/-50 miles of I-26/526. **Total market statistics do not include specialty or specialty manufacturing buildings (23.0 Million SF). PG. 2
YTD DELIVERIES SF
Source: Bridge Commercial
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Q3 2025 charleston industrial MARKET REPORT
ECONOMIC OPTIMISM FUELS SURGE IN USER DEMAND
INDUSTRIAL BUILDING SALES
• Throughout most of 2025, steady demand for 10,000 – 100,000 SF spaces has been driven by manufacturing growth from OEM’s like Boeing and Mercedes, as well as an increased need for construction materials tied to housing and largescale projects.
• After years dominated by large institutional investors, high vacancy rates have shifted the market. This has created opportunities for local and regional owner/operators to purchase industrial buildings.
No. 5324
REVEER GROUP, LLC
465 Meeting St, #500 CHARLESTON, SC 29403
2971 W. Montague Ave., Suite 101 North Charleston, SC 29418 843.297.4103 www.reveergroup.com
• Over the past 24 months, strong demand has driven vacancies and availability for 20,000 – 40,000 SF
Source: Esri, Maxar, GeoEye, Earthstar Geographics, CNES/Airbus DS, USDA, USGS, AeroGRID, IGN, and the GIS User Community Powered by Esri
• Corporations appear optimistic about future growth, with the market stimulated by external factors such as onshoring-driven demand, M&A consolidations, a shift toward higher-quality space, and new government incentives introduced through the “Big Beautiful Bill.”
Small Format Buildings:
PATRIOT BLVD INDUSTRIAL
• After 24 months of sluggish demand and steadily rising vacancy rates, bulk warehouse space is finally seeing renewed interest from 3PL tenants, global manufacturers, and defense contractors seeking space throughout the region.
infill spaces to historic lows. This has prompted developers to pursue 100,000–200,000 SF shallow bay projects, that can accommodate these tenant sizes. With the market demand expected to persist, tenants are advised to plan early and adjust value expectations.
DOCUMENT CONTROL LOG
Large Format Buildings:
• The final wave of large-format distribution centers has wrapped with Rushmark’s Jedburg project. This has lead to a pause in new construction to allow the market to absorb high vacancies, with future development expected along I-26 from Jedburg to I-95.
NORTH CHARLESTON, SC
RECAP & OUTLOOK OF DEMAND & SUPPLY FOR LARGE AND SMALL FORMAT INDUSTRIAL SPACE
• With interest rates becoming more favorable and larger buildings remaining vacant longer, it’s an ideal time for buyers looking to purchase.
NEW CONSTRUCTION PROJECTS IN THE PIPELINE & RECENTLY DELIVERED 50' BUILDING SETBACK
X
20' LANDSCAPE BUFFER
X
X
X
X
X
X
X
X
X
X
X X
X
X
X
X
X X
X
X
X
X
X
X
X
X
X
X
RIGHT-TURN IN/OUT ONLY
X
LOWCOUNTRY LOGISTICS I Located at 7661 Southrail Road in N. Charleston, this infill site is centrally located and offers 145,260 SF of Class A manufacturing and/or distribution space for lease or build-to-suit.
LOWCOUNTRY LOGISTICS II Located along Patriot Blvd, this infill site is centrally located and offers two (2) buildings totaling 180,200 SF of Class A manufacturing and/ or distribution space for lease or build-to-suit.
OLD DAIRY TRADE CENTER Located on Old Dairy Road in Summerville, this park offers up to 634,500 SF for lease or buildto-suit.
SOUTHERN CROSSROADS INDUSTRIAL PARK Located in Holly Hill, this Class A industrial park will provide up to 3.4 MSF of spec and build-to-suit opportunities for state-of-the-art distribution and manufacturing facilities.
PINE HILL BUSINESS PARK Located in the Pine Hill Business Campus west of downtown Summerville, this site offers four Class A 90,000 square foot buildings divisible to 15,000 square feet in an amenity and infrastructure rich industrial park.
CHARLESTON GLOBAL CROSSING Charleston Global Crossing is a recently delivered 635,000 square foot Class-A bulk warehouse located in North Charleston roughly 6 miles from the airport and 14 miles from the port. PG. 3
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Q3 2025 charleston industrial MARKET REPORT
INDUSTRIAL OPPORTUNITIES
PORT 95 BUSINESS PARK CHARLESTON LOGISTICS CENTER St. George Summerville/Jedburg ±1,091,772 SF Available (3 Buildings) ±163,182 SF Available
537 OMNI INDUSTRIAL Summerville/Jedburg ±587,720 SF Available
401 TRADE CENTER PARKWAY Summerville/Jedburg ±1,019,200 SF Available (Sublease)
BERKELEY CHARLESTON TRADEPORT 3 PORT CITY CENTRE Summerville/Jedburg Summerville/Jedburg ±324,792 SF Available (2 Buildings) ±299,922 SF Available
DORCHESTER COMMERCE CENTER 1075 JACK PRIMUS (PROPOSED) Summerville/Jedburg Clements Ferry ±534,081 SF Available (2 Buildings) ±310,000 SF
INDUSTRIAL ADVISORS HAGOOD MORRISON, SIOR, MBA, CRE Executive Vice President hagood.morrison@bridge-commercial.com
ALEX SHIELDS Associate Vice President alex.shields@bridge-commercial.com
PETER FENNELLY, MCR, SIOR, SLCR President peter.fennelly@bridge-commercial.com
WILL HARKER Senior Associate will.harker@bridge-commercial.com
SIMONS JOHNSON, SIOR, MCR, CCIM Executive Vice President simons.johnson@bridge-commercial.com
CARL BARNARD Associate carl.barnard@bridge-commercial.com
JOHN BEAM, SIOR Vice President john.beam@bridge-commercial.com
HUNTER DUNAGAN Associate hunter.dunagan@bridge-commercial.com
WILL CROWELL, SIOR Vice President will.crowell@bridge-commercial.com BROOKS COURTNEY, SIOR Vice President brooks.courtney@bridge-commercial.com
INVESTMENT ADVISOR HAGOOD S. MORRISON, II, SIOR Executive Vice President hs.morrison@bridge-commercial.com
BRIDGE COMMERCIAL 25 Calhoun Street, Suite 220 Charleston, SC 29401 +1 843 535 8600 info@bridge-commercial.com Bridge Commercial uses only internal research within its Charleston office for its market data. Bridge Commercial makes no guarantees, representations or warranties of any kind, expressed or implied, including warranties of content, accuracy and reliability. Any interested party should do their own research as to the accuracy of the information. Bridge Commercial excludes warranties arising out of this document and excludes all liability for loss and damages arising out of this document.
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