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The medical office market in South Carolina continues to experience steady expansion, according to Colliers’ 2022 Q4 Medical Office South Carolina Report.

South Carolina MOB Market Continues Expansion Despite Economic Headwinds

The medical office market in South Carolina continues to experience steady expansion driven by above average population growth and societal aging, according to Colliers2022 Q4 Medical Office South Carolina Report.

Healthcare providers are consistently improving their network of medical providers in an effort to better connect with patients, explains the report, so competition among these healthcare providers guarantees activity will continue despite inflation and rising interest rates. In addition, non-clinical providers continue to look at methods to trim costs by relocating away from hospital campuses.

During the fourth quarter of 2022 South Carolina posted net of absorption 40,793 square feet, construction continued to be limited and investors display an attraction to medical buildings due to market fundamentals.

The report shows South Carolina’s medical office vacancy rate sitting at 4.0% in the fourth quarter of 2022, with overall gross rent sitting at $26.79 per square foot.

Download the report


Inside The Story

Colliers' Matthew Pollard

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.