Charleston Office Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from Cushman & Wakefield, Avison Young, Colliers
Quarterly office market indicators for Charleston, aggregated by CREhunt from Cushman & Wakefield, Avison Young, Colliers. As of Q2 2026, average asking rent was $29.82/SF/yr and vacancy was 7.1%, per Cushman & Wakefield.
Projected current office pricing — Charleston
Modeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for Charleston office yet, so this applies the typical cap rate across comparable office 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 6.5%–8.6%, asking rent held flat). Assumes ~93% occupancy and a 50–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 Cushman & Wakefield | $29.82/SF/yr | 7.1% | — | — | Cushman & Wakefield |
| Q1 2026 Cushman & Wakefield | $31.54/SF/yr | 7.7% | -72K SF | — | Cushman & Wakefield |
| Q4 2025 Cushman & Wakefield | $30.31/SF/yr | 7.5% | — | — | Cushman & Wakefield |
| Q3 2025 Cushman & Wakefield | $29.73/SF/yr | 6.8% | 108K SF | — | Cushman & Wakefield |
| Q3 2025 Avison Young | — | — | 247K SF | — | Avison Young |
| Q2 2025 Cushman & Wakefield | $29.77/SF/yr | 7.9% | -4K SF | — | Cushman & Wakefield |
| Q1 2023 Colliers | $27.32/SF/yr | 17.8% | 100K SF | — | Colliers |
| Q4 2019 Cushman & Wakefield | $22.00/SF/yr | 6.4% | — | — | Cushman & Wakefield |
| Q3 2017 Colliers | — | 7.7% | 8 SF | — | Colliers |
Office asking rents by submarket
The newest asking rent a named brokerage's report published for each Charleston office 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 |
|---|---|---|
| Daniel Island | $34.17/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Dorchester County | $27.32/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Downtown Charleston | $39.93/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| North Charleston | $24.71/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Outlying Berkeley | $39.25/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| West Ashley | $27.14/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
Frequently asked questions
- What is the average asking rent for office space in Charleston?
- As of Q2 2026, the average asking rent for office space in Charleston was $29.82/SF/yr, per Cushman & Wakefield.
- What is the office vacancy rate in Charleston?
- The office vacancy rate in Charleston was 7.1% as of Q2 2026 (Cushman & Wakefield).
- Where does CREhunt's Charleston market data come from?
- This report aggregates quarterly office market data for Charleston from Cushman & Wakefield, Avison Young, Colliers.