Advanced Manufacturing, Logistics Activity Accelerate Upstate’s Industrial Growth

The Greenville-Spartanburg economy has a long legacy of being fueled by industrial activity. Today, the whole Upstate market continues to experience record levels of growth as it evolves into advanced manufacturing, automotive and distribution related activities.South Carolina is the largest exporter of goods on a per capita basis in the Southeast and has one of the highest densities of foreign direct investment per capita in the United States. The Upstate is the manufacturing center of …

April 30, 2018Industrial, Market Reports, Property Type, South Carolina, Southeast, Southeast Market Reports

Greenville’s Positive Economic Momentum is Catching the Eye of Retailers

The city of Greenville and the surrounding submarkets are exploding with growth. The once-sleepy textile town in the Upstate of South Carolina has now become a robust, diversified economy that is garnering interest from retailers that may have overlooked the market in the past. The change in the city of Greenville has not gone unnoticed; several publications and top ten lists have recognized Greenville for its thriving downtown. From the addition of Falls Park in 2004, an approximately 32-acre …

May 29, 2017Market Reports, Retail, South Carolina, Southeast, Southeast Market Reports

Columbia’s Retail Market is Uniquely Equipped to Meet the Needs of Millennials

It is impossible to have a discussion about retail commercial real estate without considering the implications of shifting demographics. This is true both nationally and in the Columbia market. The unique demographic characteristics of the local market serve as an explanation for the current situation in retail real estate.The trends in retail real estate in Columbia echo those on that national level, although with the local market’s heavy concentration of Millennials (one of the highest …

August 29, 2016Market Reports, Retail, South Carolina, Southeast, Southeast Market Reports

Greenville’s Booming Office Market Drives Interest from New Investors

Greenville is undergoing significant growth and capturing the attention of national investors and tenants. Historically high rental rates, increased occupancy and strong construction activity for the first time in recent years collectively indicate a healthy market. Additionally, tight market conditions provide an ideal investment sales environment encouraging landlords to market their office assets for sale, something they couldn’t justify doing a few years ago.The market’s occupancy …

June 8, 2016Market Reports, Office, South Carolina, Southeast, Southeast Market Reports

South Carolina’s Midland Region is in the Middle of ‘Manufacturing Renaissance’

[caption id="attachment_136336" align="alignright" width="100"] Charles Salley, Colliers International[/caption]South Carolina continues to see a manufacturing renaissance, after back-to-back record years of manufacturing investment totaling $10 billion in 2013 and 2014. All signs suggest that 2015 will be just as promising. The Midlands region has benefitted from this investment and is poised to take off in 2015. As the market has heated up, the Midlands region of South Carolina has the most …

July 27, 2015Industrial, Market Reports, South Carolina, Southeast, Southeast Market Reports

Roughly 3 Million Square Feet of Industrial Space is in Greenville’s Pipeline in 2015

[caption id="attachment_130394" align="alignright" width="100"] Trey Pennington, CBRE[/caption]Manufacturing was instrumental in driving the United States economy out of the recession. With Greenville-Spartanburg having a high ratio of manufacturing to warehouse space, the region’s industrial market has been ahead of the national market in terms of growth.Greenville-Spartanburg is first and foremost an industrial market with approximately 160 million square feet of manufacturing, …

April 27, 2015Industrial, Market Reports, South Carolina, Southeast, Southeast Market Reports

Charleston’s Office Market Enjoys Banner Year with Rising Rents, New Construction

[caption id="attachment_122906" align="alignright" width="100"] Mike Ferrer, Lincoln Harris[/caption]The Charleston office sector is robust, with movement in virtually every aspect of the market. Tenants have flocked to the city, leaving only a small number of available spaces for those looking to move or expand, particularly into larger spaces.What Renters Want Low vacancy citywide — in the Central Business District (CBD), the vacancy rate is under 5 percent — is driving an uptick …

January 5, 2015Market Reports, Southeast, Southeast Market Reports

New Development, Inland Port Drive Growth

The Upstate of South Carolina is home to 1.2 million people located on the Interstate 85 corridor between Atlanta and Charlotte. The population is clustered around the cities of Greenville, Spartanburg and Anderson. The epicenter of the industrial market is along the county line between Greenville and Spartanburg counties, where South Carolina Inland Port (SCIP) was recently completed. The region has a long legacy of manufacturing, but during the last 30 years, the type of manufacturing has …

April 28, 2014Market Reports, South Carolina, Southeast, Southeast Market Reports

Columbia Industrial Market Expects Improvement

Columbia is is considered a tertiary market by definition, with more than 47 million square feet of industrial space. In the past few years, national and international companies have recognized Columbia as having a strategic position in the Southeast. While most markets struggled in the downturn, Columbia’s steady industrial announcements demonstrated stability. Today, the city’s industrial vacancy rate is hovering at 10 percent. The Columbia market has remained attractive due to …

August 5, 2013Market Reports, South Carolina, Southeast Market Reports

Industrial Industries Expand Business in Greenville as Economy Rebounds

The largest challenge facing the Greenville/Spartanburg industrial market is the lack of quality industrial buildings. So, how did we go from the worst recession in recent memory to a shortage of available industrial space? With the recession and the 2012 election behind us, the industrial sector has stabilized and continues to improve. Much like the rest of the country, the effects of the Great Recession were felt in the Greenville/Spartanburg market, which experienced higher-than-normal …

April 8, 2013Market Reports, South Carolina, Southeast Market Reports