Oct
25

Charleston Retail Vacancy Down to 7.7%

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Retail real estate space decreased in the third quarter with a net absorption of 85,900 square feet in the Charleston metro area, according to a report by Lincoln Harris.

More than 84% of all activity in the retail market this year took place during the third quarter with national retailers including Badcock Furniture, Garden Ridge, Jo-Ann Fabrics and Crafts, and Hobby Lobby opening their first locations in the Charleston area.

Goose Creek has the largest percentage of available retail space with a vacancy rate of 10.2%. North Charleston is close behind with 9.68% of retail space available for rent.

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    Categories : Charleston

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