The Charleston office market retains its overall positive trend of the past year, both downtown and in the suburbs. Vacancy rates are low and rental rates continue to climb, reflecting the growing economy and the area’s proactive business climate. All economic indicators are positive. Charleston’s quality of living is amongst the highest in the nation and the region continues to mirror full-blown progress and growth in the fields of medicine, high-tech research and manufacturing, aeronautics, automotive, and hospitality with no signs of decelerating. The population of the Tri-County area is expected to top one million in 2020.
Source : Cushman & Wakefield