According to a recent article by Post & Courier, Charleston’s tight industrial real estate market is expected to stay as such.
Increased industrial growth is putting pressure on builders to keep up with demand for manufacturing and warehouse space… The Charleston-area vacancy rate for industrial-use buildings was at 5.5 percent at the end of the third quarter, the company said, with nearly 280,000 square feet absorbed by new tenants during the period. The vacancy rate ticked up just a notch, from 5.4 percent in the second quarter. That compares to 6.7 percent in the Greenville-Spartanburg area, the state’s other industrial center.
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