Stable NOI | Minutes to Downtown Charleston

JLL, in tandem with Ten-X, is pleased to offer an 8,489-square-foot fully occupied office facility located at 1567 Meeting Street Road. This state-of-the-art facility boasts a uniquely modern masonry and metal frame aesthetic; these exterior features are perfectly complemented by the property’s high ceilings, finished concrete floors, and large windows that afford abundant incoming natural light. While offering its tenants traditional office space with shared workstations, conference rooms, private offices, and beautifully manicured common area kitchen space, the property also boasts an open layout space that includes ample room for storage, employee lounge areas, and even a roll-up door.

1567 Meeting Street Road is strategically situated along Meeting Street Road (US Highway 52) and affords proximity to the downtown area, while also boasting easy access to US Highway 78 and Interstate 26. The property is also surrounded by a highly affluent and well-educated population. Over 45% of the population within a 1-mile radius has obtained a bachelor's degree or higher, while over 55% of that same demographic own their own home.

Charleston’s office market has remained more resilient than many markets over the last several years. Despite a slight uptick in vacancies, Charleston’s midsize professional servicer tenants and modest supply expansions, compared to larger markets, have kept rent growth stable and well above national trends. Unlike many coastal competitor markets, Charleston has experienced solid job growth over the past several years, which has spurred office-using jobs and company migration to the area. According to CoStar Analytics, overall job growth has continued in the market, even though job growth has experienced a lag throughout the country. Overall, the Charleston office market has managed to weather the economic headwinds the entire country has faced over the last several years.

Charleston is South Carolina’s oldest city and has long been considered the crown jewel of the Low Country. Nicknamed the Holy City, Charleston is home to some of the most historic and beautiful architecture on the East Coast. The city is not your typical bustling big city; Charleston maintains its quaint Southern charm but still sees its fair share of growth and heavy year-round tourism.