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The Charleston, S.C., commercial real estate market is rebounding in some sectors and experiencing a shakier recovery in others, according to first-quarter reports by Grubb and Ellis WRS. Industrial space vacancies declined to 9.5 percent, the lowest levels since 2007. However, office and retail space saw vacancies increase over the first quarter, with downtown Charleston maintaining the lowest vacancy rates and relatively high rental rates—around $30 per square foot.
