Page 47 - Faber Centre Offering Memorandum_FINAL_singles

CLASS A OFFICE BUILDINGS

YTD
Direct
Total Total SF Vacant SF % Vacancy Absorption (SF) Deliveries Construction Quoted
# SF Under
YTD Net
Submarket
F ABER CENTRE Dorchester County 1 14,944 14,944 37.4% 0 (SF) 0 0 $26.50
Buildings
Rates
Downtown Charleston 24 91,492 91,492 5.3% 14,721 0 0 $37.43
E Charleston County 0 0 0 0.0% 0 0 0 $0.00
East Islands/Mt. Pleasant 18 72,770 72,770 8.7% (3,525) 10,200 190,000 $34.10
Greater Charleston 16 73,269 73,269 5.7% 141,322 172,000 32,000 $24.62
James Island/Folly Beach 1 0 0 0.0% 0 0 0 $0.00
North Charleston 23 209,578 216,691 11.3% (28,703) 106,000 0 $27.04
Outlying Berkeley County 4 76,408 76,408 24.4% 67,515 100,000 27,382 $28.50
W Charleston County 0 0 0 0.0% 0 0 0 $0.00
West Islands 0 0 0 0.0% 0 0 0 $0.00
Totals 87 538,461 545,374 8.9% 191,330 388,200 249,832 $30.09
Source: CoStar

Rank Address Size Price Price/SF
4. 5.
1. 4401 Belle Oaks Drive 80,000 $16,900,000 $211.25
7. 8. 3. 2. 735 Johnnie Dodds Blvd. 30,000 $7,800,000 $260.00
3. 1800 Reynolds Avenue 25,676 $4,800,000 $186.95
1. 6.
4. 4925 Lacross Road 32,577 $3,650,000 $112.04
9. 5. 57 Hassell Street 6,740 $2,900,000 $430.27
2.
6. 4425 Belle Oaks Drive 6,498 $2,695,950 $414.89
10. 7. 3815 W. Montague Avenue 10,000 $1,909,593 $190.96
8. 3801 W. Montague Avenue 10,000 $1,590,407 $159.04
9. 3531 Mary Ader Avenue 4,250 $1,300,000 $305.88
10. 29 J. C. Long Blvd. 3,000 $950,000 $316.67
Source: CoStar

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