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8 11
4 3 7
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SHULL HARRIS CONSTRUCTION
Daniel Island Development Copany
1
2
3
4
5
6
7
8
9
10
11
12
13
Vacancy 6.18%
YTD Net Absorption 157,029 SF
Under Construction 842,980 SF
YTD Construction Deliveries 383,330 SF
14
Average Rental Rate $26.52
Total Inventory 30,994,241 SF
Property Highlights •
9 Stories
•
Penthouse & rooftop terrace
•
110,000 SF
•
Parking 3 per 1,000 SF
•
Efficient 28,000 SF floor plates
•
Over 10,000 SF of prime retail
•
9’ floor to ceiling glass
•
Opening summer 2020
•
30’ x 45’ column spacing
•
Highly Visible from the Ravenel Bridge
•
Quick Access to I-26
1
2
NORTHWEST PERSPECTIVE FROM MORRISON DRIVE 44
3
4
5
6
7
8
10
9
Montague Oaks LLC
11
12
SIZE
SALE PRICE
PRICE PER SF
SALE D AT E
1 550 King St.
15,860
$5,289,834
$333.53/SF
08/01/2019
2
19,934
$2,781,031
$139.51/SF
09/24/2019
13,090
$550,000
$42.02/SF
08/20/2019
PROPERTY
8084 Rivers Ave.
3 140 North Main
PROPERTY
SF LEASED
TENANT
SIGN D AT E
1 4401 Leeds Ave.
18,174
Pulte Homes
09/13/2019
2 75 Port City Landing
9,331
Palmetto Surety
07/01/2019
3 235 Magrath Darby Blvd.
7,382
USI Insurance Services
08/01/2019
4 498 Wando Park Blvd.
6,655
Jear Logistics, LLC
08/14/2019
5 235 Magrath Darby Blvd.
6,428
JMT Engineering
09/18/2019
BERKELEY 2
SUMMERVILLE
4
NORTH CHARLESTON
3
EAST COOPER
WEST ASHLEY
1 3
SOUTH ISLANDS 1
2
5
Q3 2019 OFFICE STANDINGS BY SUBMARKET Total Building
Total SF
Direct Vacant SF
Vacancy
%
YTD Net Absorption
YTD Deliveries
Under Construction
Quoted Rates
Dorchester County
481
1,985,133 SF
47,250 SF
2.38%
5,695
19,331 SF
24,000 SF
$21.79
Downtown Charleston
462
5,896,080 SF
309,405 SF
5.25%
(64,522 SF)
0 SF
229,998 SF
$32.07
3
35,233 SF
0 SF
0.00%
0 SF
0 SF
0 SF
$26.21
East Islands/Mt. Pleasant
442
4,264,604 SF
336,504 SF
7.89%
173,127 SF
228,360 SF
37,660 SF
$28.64
Greater Charleston
580
5,208,702 SF
295,019 SF
5.66%
41,736 SF
48,500 SF
346,322 SF
$27.22
James Island/Folly Beach
143
541,879 SF
34,948 SF
6.45%
(26,526 SF)
0 SF
0 SF
$27.76
North Charleston
754
9,948,359 SF
707,577 SF
7.11%
6,288 SF
67,874 SF
155,000 SF
$24.07
Outlying Berkeley County
364
2,584,781 SF
152,942 SF
5.92%
(7,419 SF)
0 SF
50,000 SF
$21.00
West Charleston
29
96,881 SF
2,000 SF
2.06%
(796 SF)
19,265 SF
0 SF
$21.57
West Island
75
292,914 SF
20,970 SF
7.16%
11,302 SF
19,265 SF
0 SF
$24.58
3,269
30,994,241 SF
1,910,808 SF
6.18%
157,029 SF
383,330 SF
842,980 SF
$26.52
Submarket
East Charleston County
Totals