North Charleston

Charleston - SC USA - Industrial Submarket

Industrial real estate intelligence for the North Charleston submarket. 40.8M SF of inventory with 10.8% vacancy. Data sourced from various MLS platforms.

40.8MSF

Inventory

4.9MSF

Available

10.8%

Vacancy

11.8%

Availability Rate

$11.90

Asking Rent

2.4%

Rent Growth

643KSF

12mo Absorption

319KSF

Under Construction

Market Metrics

12mo Delivered

304K SF

Under Constr % of Inv

0.8%%

Sale Price/SF

$124

Cap Rate

7.8%%

12mo Sales Volume

$207,380,154

Sales Vol Growth

-36.3%

Asset Value

$5,107,501,485

Net Absorption

+643K SF

Recent DC Sales in Market

Property	Price	SF	Buyer
SFO1	$119.3M	26,900	Buyer 1 Altum Digital Infrastructure \| Buyer 2 Igneo Infrastructure Partners
4495 Low Latency Ln	-	200,000	-
4495 Low Latency Ln	-	200,000	-
8425 N 114th St	$2.6M	232,663	Google
Santa Clara Data Center/SFO2-B	$55.0M	128,780	CSquare

Available DC Space in Market

Property	Avail SF	Rent	Owner
Four Overlook Point	863,403	$21.87 - 26.73 (Est.)	Woodcrest Capital LLC
Building D	20,678	$10.86 - 13.27 (Est.)	Entrada Partners
The Falchi Building	272,217	$23.00	Savanna Real Estate Fund
McHenry Corporate Center IV	42,811	$6.00 - 12.50	Gold Drop
2149 Queens Chapel Rd NE	15,086	$11.00	Ali Hassani

Data Centre Development Potential

High vacancy (10.8%) in North Charleston may indicate availability of conversion-ready industrial buildings for data centre development. Active construction pipeline of 319K SF indicates developer confidence in the submarket. Positive net absorption of 643K SF over the past 12 months signals healthy demand fundamentals.