© 2017 by Tower Capital, Inc.

 

Industrial Market Report: Carolinas

Q2 2018

Charlotte, NC
Vacancy: 4.5% (increase; increase)*
Net Absorption: 1,862,756 SF (positive; positive)
Asking Rent: Market $5.18; Warehouse $4.77; MFG $4.12 (decrease; increase)
Total Market Inventory: 192,173,336 SF
New Construction Delivered YTD: 3,447,742 SF
Under Construction: 3,090,169 SF
*(from prior Q1; Q3 projection)

Greenville/Spartanburg, SC
Vacancy: 6.05% (increase; increase)*
Net Absorption: 315,700 SF (positive; positive)
Asking Rent: Market $3.40; Warehouse $3.15; MFG $3.86 (decrease; increase)
Total Market Inventory: 195,098,832 SF
New Construction Delivered YTD: 607,610 SF
Under Construction: 6,310,000 SF
*(from prior Q1; Q3 projection)

Charleston, SC
Vacancy: 9.2% (increase; increase)*
Net Absorption: 801,160 SF (positive; negative)
Asking Rent: Market $5.10; Warehouse $5.15; MFG $3.44 (increase; increase)
Total Market Inventory: 68,572,794 SF
New Construction Delivered YTD: 1,500,000 SF
Under Construction: 1,750,000 SF

Sources: Cushman & Wakefield Research (TMI data); Colliers International (data)