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F ABER CENTRE











                                              THE MARKET
           2Q







            2018 OFFICE REPORT
            2018 OFFICE REPORT


                                                SECOND QUARTER SUMMARY

           Market Indicators                    The office market in Charleston     although the largest sector of inventory
                                                experienced no change in the second   remains Class-B buildings. Rental rates
                      O C CU PAN C Y            quarter vacancy rate. Net absorption   saw an increase of 5.4%, rising to $22.81
                                                was positive 286,955 square feet, more   per square foot. There were 425,142
                                                than double the absorption of first  square feet of office space under
                                                quarter 2018. 85% of this absorption   construction at the end of the quarter.
                4Q17     1Q18      2Q18         can be attributed to Class-A office space,

                      ABS O RPTI O N



                4Q17     1Q18      2Q18
                      REN TAL   R AT E



                4Q17     1Q18      2Q18



             2018 Charleston
            Economy Spotlight                       22 WestEdge Under Construction

                                                    PRICE: ............... $36.00-$38.50/yr. (NNN/FS)
                    Largest Employment Industry:    SIZE:  .................. 1,354 - 21,160 SF
                    Trade, Transportation & Utilities   AGENTS:  ........... Reid Davis, CCIM SIOR
                    (Source: NAICS)                             Pete Harper, CCIM
                                                                Cameron Yost
                    670,000 SF Office Space Under    22 WestEdge will be an eight story office
                                                    tower with ground floor retail which will
                    Construction (Source: CoStar)   be the tallest and most modern of its kind
                    3,170 Existing Inventory of   FEATURED LISTING  in Charleston. The first floor will consist
                    Office Buildings (Source: CoStar)  of 15,973 SF of highly visible retail space
                                                    and the upper seven floors of office will
                                                    unparalleled views of the city and the Ashley
                    South Carolina Ranked #2 Top    encompass 139,385 SF of Class A office with
                    States for Doing Business       River. The retailers will have large glass
                    (Source: Area Development Online)  storefronts with the ability to take advantage
                                                    of the wide sidewalks in front of the building.
                                                    Office tenants will park in the immediately
        45                                          adjacent garage at 10 WestEdge.
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