North Charleston Commercial Real Estate Market
North Charleston's commercial real estate market is fundamentally an industrial and logistics story. The city's proximity to the Port of Charleston's Wando Welch and Hugh Leatherman terminals, the Charleston International Airport, and the I-26/I-526 interchange network make it the tri-county area's primary industrial and distribution zone. Boeing's 787 Dreamliner assembly line, Mercedes-Benz Vans, and the automotive and aerospace supply chain they've attracted generate manufacturing demand that most SC cities cannot match. Industrial vacancy in the port-proximate zones remains below 5%.
Beyond industrial, North Charleston's retail market along Rivers Avenue, Dorchester Road, and the Tanger Outlets corridor serves a large and diverse population exceeding 115,000. The Charleston Area Convention Center and the Coliseum anchor hospitality and event-related commercial demand. Trident Medical Center (part of HCA Healthcare) operates one of the busiest hospitals in the Charleston metro, generating medical office demand along University Boulevard and the Medical Plaza area. North Charleston's affordable housing stock relative to the peninsula and Mount Pleasant attracts a workforce-housing demographic that supports service and convenience retail.
North Charleston's buyer pool includes industrial and logistics REITs targeting port-proximate assets, Boeing supply chain companies seeking manufacturing space, retail investors targeting the large population base, and healthcare investors attracted by Trident Medical Center's volumes. Cap rates offer 100 to 200 basis points above Charleston peninsula and Mount Pleasant, providing yield advantages while sharing the same tri-county economic drivers. For sellers, North Charleston industrial properties attract the most institutional attention, while retail and medical properties appeal to regional and local investors.
Top Property Types in North Charleston
Industrial & Logistics
North Charleston's industrial market is the most active in South Carolina, driven by the Port of Charleston, Boeing, Mercedes-Benz Vans, and the aerospace and automotive supply chains. Warehouse and distribution space along International Boulevard, Clements Ferry Road, and the airport corridor serves import/export logistics, e-commerce fulfillment, and manufacturing operations. Port expansion — the Leatherman Terminal is increasing container capacity — ensures growing industrial demand. Properties with 32'+ clear heights, heavy dock loading, and port/airport/interstate access attract institutional logistics investors building East Coast portfolios.
Retail & Service
Rivers Avenue and Dorchester Road form North Charleston's primary retail corridors, serving a population exceeding 115,000 — the largest city in the Charleston metro by population. National retailers, grocery chains, and quick-service restaurants maintain North Charleston locations for the population base and traffic volumes. The Tanger Outlets draw regional shoppers. Retail cap rates here offer significant yield advantages over Charleston and Mount Pleasant, attracting income-focused investors. Grocery-anchored centers with diverse tenant mixes are the most liquid retail investments in the North Charleston market.
Office & Flex
Trident Medical Center is one of the busiest hospitals in the Charleston metro, generating medical office demand along University Boulevard and the Medical Plaza corridor. The North Charleston population's size and demographics — younger, more diverse, and growing — support healthcare demand across primary care, pediatrics, urgent care, and specialty services. Medical properties near Trident's campus provide income stability at cap rates that offer meaningful premiums over peninsula and Mount Pleasant medical office.
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