2016 commercial market forecast | industrial update
Post on 16-Apr-2017
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www.CharlestonCommercialMarketForecast.com
I N D U S T R I A L M A R K E T OVERVIEW
Macro Forces at Work | Pros & Cons
Today’s Market – Inventory, Vacancy and Rents
Shift in Market Center, Product Type & Investors
www.CharlestonCommercialMarketForecast.com
I N D U S T R I A L M A R K E T O V E R V I E W PROS
PORTS
RAIL
AEROSPACE/
AUTOMOTIVE
BUSINESS ENVIRONME
NT
www.CharlestonCommercialMarketForecast.com
WORKFORCE
COST OF LIVING TRAFFIC
I N D U S T R I A L M A R K E T O V E R V I E W CONS
www.CharlestonCommercialMarketForecast.com
I N V E N T O R Y – S Q U A R E F E E T STATS
11 12 13 14 15 1Q16 2Q160
10,000,000
20,000,000
30,000,000
40,000,000
50,000,000
60,000,000
www.CharlestonCommercialMarketForecast.com
V A C A N C Y R A T E S STATS
11 12 13 14 15 1Q16 2Q160.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
www.CharlestonCommercialMarketForecast.com
N N N A S K I N G R E N T S STATS
11 12 13 14 15 1Q16 2Q16 $-
$1.00
$2.00
$3.00
$4.00
$5.00
$6.00
V A C A N C Y
13.0 %R E N T
$4.50
V A C A N C Y
3.8%R E N T
$11.50V A C A N C Y
14.6 %R E N T
$5.36
V A C A N C Y
8.3 %R E N T
$5.17
V A C A N C Y
5.6 %R E N T
$4.50
V A C A N C Y
0.4 %R E N T
$13.89V A C A N C Y
5.8%R E N T
$10.00
V A C A N C Y
1.9 %R E N T
$7.70
Outlying Berkeley County
East Cooper/Clements Ferry
West Islands
Dorchester County
Greater Charleston
East Islands/Mount Pleasant
James Island/Folly Beach
West Charleston County
North Charleston
Downtown Charleston
www.CharlestonCommercialMarketForecast.com
I N D U S T R I A L B U I L D I N G CLASS
ATLAS COMMERCE CENTER
C L A S S
A
C L A S S
C3450 BUFFALO AVENUE
www.CharlestonCommercialMarketForecast.com
S O U T H C A R O L I N A M A R K E TOVERVIEW
Market Size (sf)
Total Sold (sf)
% of Total Transacted
Sales Volume
Price Per SF
C H A R L E S TO N
55,361,829 sf
2,312,081 sf
4.18 %
$147,488,034
$64/psf
G R E E N V I L LE
172,492,431 sf
4,508,751 sf
2.61 %
$153,288,410
$34/psf
S AVA N N A H
54,176,197 sf
1,244,762 sf
2.298 %
$65,585,000
$53/psf
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