Oct
12

Charleston Office Market Continues To Deteriorate In The Third Quarter

By
– Charleston Regional Business Journal

The local office market continued take a beating in the third quarter as rental rates dropped and vacancy rates increased, according to Anchor Commercial Real Estate’s latest report.

“The unknowns of the economy continue to stall tenants’ decision-making process, pushing vacancy higher and rental rates lower,” the report says.

Overall, the office vacancy rate in Charleston County climbed less than 1 percentage point from the first quarter to the third, but it remains high, at 19.61%. Rental rates dropped from $18.10 to $16.65 during the same time period.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.charlestonbusiness.com/news/29817-local-office-market-continues-to-deteriorate-in-the-third-quarter
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