O F F I C E • I N D U S T R I A L • R E T A I L

GREATER CHARLESTON AREA JULY 2015

8992 University Boulevard, North Charleston, $10,600,000 Sale of a 25,989 SF Medi-cal Office Building to Healthcare Trust of America, Inc. (Bob Nuttall, SIOR, CPM & Milton Thomas, CCIM, SIOR)

3225 Fortune Drive, North Charleston, $1,185,000 Sale of a 33,600 SF Industrial Building to 3225 Fortune Drive, LLC (Ryan Welch & Doug Hart)

1115 Newton Way, Summerville, 20,500 SF Industrial Building leased to H&E Equipment, Inc. (Milton Thomas, CCIM, SIOR & Thomas Buist, SIOR)

7401 Rivers Avenue, North Charleston, $1,200,000 Sale of a 4,005 SF Verizon Ground Lease (Reid Davis, CCIM, SIOR, Jack Owens, CCIM & Will Sherrod, CCIM)

816 Johnnie Dodds Boulevard, Mount Pleasant, $700,000 Sale of a 6,710 SF Commercial Building to SAVJ Real Estate, LLC (Milton Thomas, CCIM, SIOR & Jon Chalfie)

3130 Stanton Court, North Charleston, $680,000 Sale of a 14,000 SF Industrial Building to 3130 Stanton, LLC (Ryan Welch & Reid Davis, CCIM, SIOR)

613 Old Trolley Road, Suite C, Summerville, 7,000 SF Retail Space leased to Repeats Consignments & Retail LLC (Will Sherrod, CCIM)

31 Plowden Mill Road, Sumter, $400,000 Sale of a 67,300 SF Industrial Building to 31 Plowden Mill, LLC (Ryan Welch & Reid Davis, CCIM, SIOR)

3150 Stanton Court, North Charleston, 14,350 SF Industrial Building leased to Gorilla Fabrication, Inc. (Ryan Welch & Reid Davis, CCIM, SIOR)

• Interest rates, while still attractive, are expected to increase later in the year

• Vacancy rates are down across all sectors

• Rental rates have stabilized since Q1

• Lack of inventory continues the need for new development

Charleston remains a very desirable place to live & work. Although the commercial real estate market will remain complicated, the

team at Lee & Associates is more than capable of keeping it simple for you.

Let us show you how we put People First; Properties Second.

Advantage: Lee!

Market Highlights

Market IndicatorsO C C U PA N C Y

A B S O R P T I O N

R E N TA L R AT E

Significant Transactions

Market Report

2Q153Q14

2Q153Q14

2Q153Q14

1Q15

1Q15

1Q15

C HARLESTON

NORTHC HARLESTON

SUMMERVILLE

MOUNT PLEASANT

WESTASHLEY

JAMES ISLAND

FOLLYBEACH

DANIELISLAND

JOHNS ISLAND

Charleston, Berkeley & Dorchester Counties

OFFICE

www.Lee-Charleston.com

North Charleston# of Properties...................................Total SF....................................Total Available SF....Total Vacant SF...........Average Rental Rates.........

1826,803,985

732,206 (10.6%)585,559 (8.7%)

$17.43/SF

# of Properties..........................................................................Total SF...........................................................................Total Available SF.........................................Total Vacant SF.................................................Average Rental Rates.................................................

56818,340,830

1,960,748 (10.5%)1,405,151 (7.7%)

$20.82/SF

West of the Ashley# of Properties.....................................Total SF.....................................Total Available SF.....Total Vacant SF...........Average Rental Rates.........

581,498,741

175,808 (11.7%)126,851 (8.5%)

$19.52/SF

Downtown# of Properties...................................Total SF....................................Total Available SF......Total Vacant SF............Average Rental Rates.........

1294,735,350

385,748 (8.1%)313,862 (6.6%)

$28.78/SF

Mount Pleasant# of Properties....................................Total SF.....................................Total Available SF.......Total Vacant SF...............Average Rental Rates..........

1062,444,289

239,122 (9.5%)90,937 (3.7%)

$24.94/SF

Daniel Island# of Properties....................................Total SF.....................................Total Available SF......Total Vacant SF...............Average Rental Rates..........

361,447,993

166,414 (10.9%)72,608 (5.0%)

$21.77/SF

Summerville / Goose Creek# of Properties.....................................Total SF.....................................Total Available SF.....Total Vacant SF..........Average Rental Rates..........

541,267,504

249,290 (16.9%)212,334 (16.8%)

$18.54/SF

C HARLESTON

NORTHC HARLESTON

SUMMERVILLE

MOUNT PLEASANT

WESTASHLEY

JAMES ISLAND

FOLLYBEACH

DANIELISLAND

JOHNS ISLAND

Charleston, Berkeley & Dorchester Counties

RETAIL

www.Lee-Charleston.com

North Charleston# of Properties...................................Total SF.....................................Total Available SF........Total Vacant SF.............Average Rental Rates..........

2108,347,597

641,323 (7.6%)502,924 (6.0%)

$11.72/SF

# of Properties..........................................................................Total SF.........................................................................Total Available SF...........................................Total Vacant SF.................................................Average Rental Rates.................................................

83128,895,602

2,025,633 (6.9%)1,710,896 (5.9%)

$14.74/SF

West of the Ashley# of Properties..................................Total SF....................................Total Available SF.......Total Vacant SF............Average Rental Rates.........

1787,229,271

573,018 (7.8%)455,271 (6.3%)

$14.77/SF

Downtown# of Properties.....................................Total SF....................................Total Available SF..........Total Vacant SF...............Average Rental Rates..........

911,613,777

34,341 (2.1%)21,825 (1.4%)

$42.65/SF

Mount Pleasant# of Properties...................................Total SF.....................................Total Available SF........Total Vacant SF.............Average Rental Rates..........

1244,139,127

200,259 (4.8%)123,584 (3.0%)

$18.55/SF

Daniel Island# of Properties......................................Total SF.........................................Total Available SF..........Total Vacant SF...............Average Rental Rates..........

9390,939

28,153 (7.0%)19,228 (4.9%)

$17.16/SF

Summerville / Goose Creek# of Properties..................................Total SF....................................Total Available SF.......Total Vacant SF............Average Rental Rates.........

2077,071,283

532,993 (7.4%)447,373 (6.3%)

$12.08/SF

C HARLESTON

NORTHC HARLESTON

SUMMERVILLE

MOUNT PLEASANT

WESTASHLEY

JAMES ISLAND

FOLLYBEACH

DANIELISLAND

JOHNS ISLAND

Charleston, Berkeley & Dorchester Counties

INDUSTRIAL/FLEX

www.Lee-Charleston.com

North Charleston# of Properties...................................Total SF...................................Total Available SF....Total Vacant SF.........Average Rental Rates...........

63830,118,644

2,792,986 (9.3%)1,840,469 (6.1%)

$4.94/SF

# of Properties.......................................................................Total SF...........................................................................Total Available SF.........................................Total Vacant SF.................................................Average Rental Rates....................................................

1,10557,674,522

6,298,227 (10.8%)4,415,042 (7.7%)

$4.79/SF

West of the Ashley# of Properties.....................................Total SF.....................................Total Available SF........Total Vacant SF...............Average Rental Rates.............

741,833,963

141,223 (7.7%)66,062 (3.6%)

$7.53/SF

Downtown# of Properties.....................................Total SF.....................................Total Available SF..........Total Vacant SF..............Average Rental Rates.........

341,057,456

70,102 (6.6%)70,102 (6.6%)

$13.41/SF

Mount Pleasant# of Properties......................................Total SF.........................................Total Available SF..........Total Vacant SF.............Average Rental Rates............

38894,369

53,800 (6.0%)52,300 (5.8%)

$9.48/SF

Daniel Island# of Properties......................................Total SF.....................................Total Available SF.....Total Vacant SF............Average Rental Rates............

694,673,944

668,023 (14.3%)374,183 (8.0%)

$5.84/SF

Summerville / Goose Creek# of Properties...................................Total SF...................................Total Available SF...Total Vacant SF.......Average Rental Rates............

28219,880,670

2,927,436(14.4%)2,219,769 (11.2%)

$4.23/SF

960 Morrison Drive, Suite 400Charleston, SC 29403

BROKERAGE - MANAGEMENT - DEVELOPMENT

Phone (843) 747-1200 | Fax (843) 747-1070 | www.lee-charleston.com

Lee & Associates provides brokerage, development and property management with a firm commitment to customer service. We get to know each client’s business and specific

needs. Moreover, we meet those needs with discipline, integrity and a genuine commitment to success. In everything we do, Lee & Associates places “People First, Properties Second.”