Charleston Office Market Report
By PropZone Research · Data through Q1 2026 · Aggregated from Lee & Associates Q3 20, Cushman & Wakefield, Lee Associates, Colliers
Quarterly office market indicators for Charleston, aggregated by PropZone from Lee & Associates Q3 20, Cushman & Wakefield, Lee Associates, Colliers. As of Q1 2026, average asking rent was $31.54/SF with a 7.7% vacancy rate.
Projected current office pricing — Charleston
low confidenceProjected asking rent
$31.54/SF/yr
Estimated sale value
$184–$239/SF
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 Lee & Associates Q3 20 data (cap rate 7.9%, asking rent held flat). Assumes ~92% occupancy and a 50–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | $31.54/SF | 7.7% | — | — | Lee & Associates Q3 20 |
| Q1 2026 | $31.54/SF | 7.7% | 0K SF | — | Cushman & Wakefield |
| Q4 2025 | — | 7.5% | 0K SF | — | Cushman & Wakefield |
| Q3 2025 | — | — | 0K SF | — | Cushman & Wakefield |
| Q4 2019 | $22.00/SF | 6.4% | — | — | Cushman & Wakefield |
| Q3 2017 | $29.00/SF | 10.0% | 0K SF | — | Cushman & Wakefield |
| Q3 2017 | $25.96/SF | 3.0% | 223K SF | — | Lee Associates |
| Q3 2017 | — | 7.7% | 0K SF | — | Colliers |
Frequently asked questions
- What is the average asking rent for office space in Charleston?
- As of Q1 2026, the average asking rent for office space in Charleston was $31.54/SF, per Lee & Associates Q3 20.
- What is the office vacancy rate in Charleston?
- The office vacancy rate in Charleston was 7.7% as of Q1 2026 (Lee & Associates Q3 20).
- Where does PropZone's Charleston market data come from?
- This report aggregates quarterly office market data for Charleston from Lee & Associates Q3 20, Cushman & Wakefield, Lee Associates, Colliers.
Looking for active inventory? Browse office listings, read how to buy office property, see interactive market trends, or estimate a property's rent or price.