Charleston Industrial Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from Cushman & Wakefield, CBRE, JLL
Quarterly industrial market indicators for Charleston, aggregated by CREhunt from Cushman & Wakefield, CBRE, JLL. As of Q2 2026, average asking rent was $8.17/SF/yr and vacancy was 12.9%, per Cushman & Wakefield.
Projected current industrial pricing — Charleston
Modeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for Charleston industrial yet, so this applies the typical cap rate across comparable industrial markets — treat it as a rough, indicative range that sharpens as sourced cap rates arrive. Projected asking rent × occupancy × net-operating-income margin band ÷ a benchmark cap rate, from Q2 2026 Cushman & Wakefield asking-rent data (benchmark cap rate 5.5%–7.5%, asking rent trend-adjusted to today). Assumes ~87% occupancy and a 72–88% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 Cushman & Wakefield | $8.17/SF/yr | 12.9% | — | 2 SF | Cushman & Wakefield |
| Q1 2026 CBRE | — | 13.0% | 867K SF | — | CBRE |
| Q1 2026 JLL | $7.81/SF/yr | 22.3% | 54K SF | — | JLL |
| Q1 2026 Cushman & Wakefield | $8.05/SF/yr | 14.4% | — | 435 SF | Cushman & Wakefield |
| Q4 2025 CBRE | — | 12.9% | 500K SF | — | CBRE |
| Q4 2025 Cushman & Wakefield | $7.99/SF/yr | 14.3% | — | — | Cushman & Wakefield |
| Q2 2024 Cushman & Wakefield | $7.58/SF/yr | 12.3% | -479K SF | — | Cushman & Wakefield |
| Q4 2019 CBRE | — | 0.5% | 5.7M SF | — | CBRE |
| Q4 2019 Cushman & Wakefield | $14.00/SF/yr | — | — | — | Cushman & Wakefield |
Industrial asking rents by submarket
The newest asking rent a named brokerage's report published for each Charleston industrial submarket, with its publisher and quarter. Submarkets whose newest figure cannot be attributed, or falls outside a plausible range, are left out.
| Submarket | Asking rent | Source |
|---|---|---|
| East Cooper | $11.08/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Hanahan | $9.48/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| I-26 North | $7.36/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| North Charleston/Ladson | $9.14/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| West Ashley | $18.75/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
How the brokerage sources compare
For Q1 2026, the brokerages CREhunt aggregates for Charleston industrial did not fully agree. Asking-rent estimates differ by $0.24/SF/yr — from $7.81/SF/yr to $8.05/SF/yr. CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.
| Source | Vacancy | Asking rent | Cap rate |
|---|---|---|---|
| JLL | 22.3% | $7.81/SF/yr | — |
| CBRE | 13.0% | — | — |
| Cushman & Wakefield | 14.4% | $8.05/SF/yr | — |
Per-brokerage figures for Q1 2026, aggregated from published brokerage market reports.
Frequently asked questions
- What is the average asking rent for industrial space in Charleston?
- As of Q2 2026, the average asking rent for industrial space in Charleston was $8.17/SF/yr, per Cushman & Wakefield.
- What is the industrial vacancy rate in Charleston?
- The industrial vacancy rate in Charleston was 12.9% as of Q2 2026 (Cushman & Wakefield).
- Where does CREhunt's Charleston market data come from?
- This report aggregates quarterly industrial market data for Charleston from Cushman & Wakefield, CBRE, JLL.
- How much do brokerage estimates differ for industrial space in Charleston?
- For Q1 2026, the brokerage sources CREhunt aggregates for Charleston did not fully agree. Asking-rent estimates differ by $0.24/SF/yr — from $7.81/SF/yr to $8.05/SF/yr. CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.