May
17

Charleston, SC Office Market Shows Positive Signs

By

– The Post and Courier

The first few rays of light are peaking through the office market window.

Mount Pleasant-based Grubb EllisWRS saw the region’s quarterly vacancy rate fall a noticeable distance for the first time since it began climbing three years ago. The commercial real estate firm’s data, which tracks empty space in buildings larger than 10,000 square feet, pinpointed the rate during the first quarter at 17.4 percent, a fall from 20.2 percent last fall. ‘I don’t think we’re talking about anything earth-shattering now, but it’s encouraging,’ said WRS office market specialist Jon Chalfie. ‘It’s reason to feel the bottom is here or in close range.’

ARTICLE SHORTENED DUE TO LENGTH….

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