Listing Agency: Charleston b***@jll.com Show Phone

Listed By: Brian Connolly · License #0225067478 Show Phone

Source: Property.jll

Added: Apr 15 Changed: Aug 8 Last Checked: Apr 14 at 8:20PM

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Investment Insights

Based on property information with market context.

Morrison Yard, situated at 850 Morrison Drive in Charleston, South Carolina, is a new development located at the base of the Arthur Ravenel Jr. Bridge. The 12-story building offers waterfront views and ease of access. The property features ground floor retail space and office space available on floors 5-11, ranging from 2,500 to 123,000 square feet, with 20,000 square foot floor plates. Parking is available up to 4 per 1,000 square feet. Signage is visible from the Arthur Ravenel Jr. Bridge. The development includes a rooftop event space and is slated for delivery in Summer 2022.

Key Highlights

• Breathtaking waterfront views
• Signage visible from Arthur Ravenel Jr. Bridge
• Ease of access at the base of the Arthur Ravenel Jr. Bridge

Property Analytics

Property Profile

Current Use

Robert H Jordan ... Law Firm Parker Poe Adams ... Law Firm Deirdre Gugelot Marion ... Financial Advisor Eric Snyder - Morgan ... Financial Advisor John Routh - Morgan ... Financial Advisor

Suggested Use

Top Pick Auto Parts Store Plumbing Service HVAC Service (Bike/Boat/Book/etc) Store Bakery Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

1,272

Businesses Nearby

Explore this area Business Placement

Demographics for 29403, SC

21,363

Population

13,013

Households

1.6

Avg Household Size

30

Median Age

57%

College-Educated

92%

High-School Grad

5.4 sq mi

ZIP Area

3,956

Density / Sq Mi

$65,689

Median Household Income

$43,421

Median Earnings

$1,658

Median Rent

$624,000

Median Home Value

Market

Lease Benchmarks for Charleston, SC

$35.2 /SF/Yr

Avg Asking Price

$24–$45 /SF/Yr

Price Range

18,844 SF

Avg Space Size

Vacancy Rate% for Office in Charleston, SC

6.8% 2019

10.2% 2020

10.4% 2021

9% 2022

9% 2023

7.5% 2024

7.5% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Office and retail spaces in Charleston's Upper Peninsula.

Where is this office building located?

The property is located at 850 Morrison Dr Charleston, SC.

What are key features of this property?

This property features: Breathtaking waterfront views; Signage visible from Arthur Ravenel Jr. Bridge; Ease of access at the base of the Arthur Ravenel Jr. Bridge