www.CharlestonCommercialMarketForecast.com

Office & Industrial MarketsAnalysis and Outlook 2013

Presented By:Bob Caldwell

Primary Sub-Markets & Inventory

OFFICE:

N. Charleston(4,882,316 SF)

Peninsula(2,132,469 SF)

West Ashley(1,078,580 SF)

Mt. Pleasant(1,678,007 SF)

Total = 11,496,278 SF

INDUSTRIAL:

N. Charleston(11,678,020 SF)

Hanahan/N. Rhett(3,775,340 SF)

Wando/Cainhoy(4,324,844 SF)

Peninsula(2,856,986 SF)

Total = 32,758,481 SF

Historical & Current VacanciesOffice:

Industrial:

2007 2008 2009 2010 2011 2012 2Q20130

2

4

6

8

10

12

14

FLEX WAREHOUSE TOTAL MARKET

Vaca

ncy

Rate

(%)

2007 2008 2009 2010 2011 2012 3Q20130

2

4

6

8

10

12

14

16

18

20

CLASS A CLASS B CLASS C TOTAL MARKET

Vaca

ncy

Rate

(%)

Charleston v. National VacanciesOffice Market:

Industrial Market:

Market Drivers

Case Study:Aviation Business Park

• Location: North Charleston between Airport & I-26• Total Office/Flex Space = 350,000 SF• 95% to 98% Occupancy Since Completion (2008)

On the Horizon…

Courier Square