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Faber Centre Offering Memorandum_FINAL_singles

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Submarket<br />

Total<br />

Buildings<br />

Total SF<br />

Direct<br />

Vacant SF<br />

% Vacancy<br />

YTD Net<br />

Absorption (SF)<br />

YTD<br />

Deliveries<br />

(SF)<br />

# SF Under<br />

Construction<br />

Quoted<br />

Rates<br />

Dorchester County 1 14,944 14,944 37.4% 0<br />

0 0 $26.50<br />

Downtown Charleston 24 91,492 91,492 5.3% 14,721<br />

E Charleston County 0 0 0<br />

East Islands/Mt. Pleasant 18 72,770 72,770<br />

CLASS A OFFICE BUILDINGS<br />

Greater Charleston 16 73,269 73,269 5.7% 141,322<br />

0.0% 0<br />

0<br />

0 $0.00<br />

James Island/Folly Beach 1 0<br />

0 0.0% 0 0<br />

0 $0.00<br />

North Charleston 23 209,578 216,691 11.3% (28,703) 106,000 0 $27.04<br />

0<br />

0<br />

$37.43<br />

8.7% (3,525) 10,200 190,000 $34.10<br />

172,000 32,000 $24.62<br />

Outlying Berkeley County 4 76,408 76,408 24.4% 67,515 100,000 27,382 $28.50<br />

W Charleston County 0<br />

0<br />

0 0.0% 0<br />

0 0 $0.00<br />

West Islands 0<br />

0<br />

0 0.0% 0 0 0 $0.00<br />

Totals 87 538,461 545,374 8.9% 191,330 388,200 249,832 $30.09<br />

Source: CoStar<br />

4.<br />

7. 8.<br />

5.<br />

3.<br />

Rank Address Size Price Price/SF<br />

1. 4401 Belle Oaks Drive 80,000 $16,900,000 $211.25<br />

2. 735 Johnnie Dodds Blvd. 30,000 $7,800,000 $260.00<br />

9.<br />

1. 6.<br />

2.<br />

10.<br />

3.<br />

4.<br />

5.<br />

6.<br />

7.<br />

1800 Reynolds Avenue 25,676 $4,800,000 $186.95<br />

4925 Lacross Road 32,577 $3,650,000 $112.04<br />

57 Hassell Street 6,740 $2,900,000 $430.27<br />

4425 Belle Oaks Drive 6,498 $2,695,950 $414.89<br />

3815 W. Montague Avenue 10,000 $1,909,593 $190.96<br />

8.<br />

3801 W. Montague Avenue 10,000 $1,590,407 $159.04<br />

9.<br />

3531 Mary Ader Avenue 4,250 $1,300,000 $305.88<br />

10.<br />

29 J. C. Long Blvd. 3,000 $950,000 $316.67<br />

Source: CoStar<br />

46

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