Category

Commercial Space

Summerville in Position to Experience Rapid Growth in Office Space

Summerville in Position to Experience Rapid Growth in Office Space

By | commercial construction, commercial development, Commercial Space, SC

Summerville is set to experience a rapid growth in office buildings in the Charleston region. The latest analysis from Colliers International Research and Forecast Report states there are several key factors which make the area ripe for growth in office space: The Summerville submarket has an established residential growth market. There is a large supply of residential land available in highly sought after public school districts, which will spur further residential growth. The area already has 2.5 million square feet…

Read More

Former West Ashley School Renovated into Office Space

By | Commercial Space, Uncategorized

The former Albemarle School in West Ashley has been converted to 20 office spaces and is already fully leased.  Charleston attorney John Hagerty bought the 25,000 square foot property in 2015 for $1.4 million and immediately started a renovation for an additional $1.6 million.  The newly refurbished office building is now called the Schoolhouse. The Parks Conservancy has leased 4,000 square feet of office space, on the backside of the building, which is adjacent to the Parks Conservancy’s 3 1/2acre…

Read More

Designing Workspace in a Technology Overloaded World

By | Commercial Space, Office Design

Most workers spend their days staring at a laptop screen, only briefly taking their eyes away from the screen to take a quick break. Careful planning can improve the aesthetics of the workspace, and improve the employee’s ability to engage with coworkers when it is time to break from the virtual world. Design spaces to help people connect When designing or renovating a new office, identifying how the space will be used by employees and what activities need to be…

Read More

“Live Work and Play” Office Space Popular with Prospective Tenants

By | Commercial Space

Office properties in central business districts (CBD) are outperforming those in typical single-use suburban office areas, according to recent trends examined by the NAIOP Research Foundation.  Well-designed mixed use infill projects near central business districts are attracting companies and young educated workers. Bakery Square near downtown Pittsburgh is an example of a successful mixed use redevelopment on six acres of a former Nabisco factory. Tenants of Bakery Square include Google, university medical staff, upscale retailers, and a hotel with a…

Read More
What Does the Future Hold for Retail Shopping Malls?

What Does the Future Hold for Retail Shopping Malls?

By | commercial real estate, Commercial Space

More than 3000 attendees from the ShopTalk conference came to talk about the health of  retail shopping in response to recent declining quarterly sales by a number of box stores, including Macy’s, Target, and Kohl’s.  These stores are seeing the need to cater to online shoppers and those individuals looking for deals at discount shopping outlets. Some analysts speculated that Amazon could supplant Macy’s during the next year as the lead seller of apparel and other goods. Steve Lowy, co-CEO…

Read More
Downtown Historic Facility to Become Mixed-Use Development

Downtown Historic Storage Facility to Be Converted to New Mixed-Use Development

By | commercial construction, Commercial Space

A new mixed-use development is in the planning stages at the site of AAA Downtown Storage, a 294 unit storage business.  An Ohio developer and a local real estate investment firm have bought 12 parcels of land surrounding the historic storage facility at 44 Line Street for $8.7 million. The new development will extend to Sheppard, Meeting and Line streets and an old railroad line. The developers hope to build new apartments and businesses with open spaces, on the mid-peninsula…

Read More
Retail Market

Tight Occupancy Rates in Retail Market Shifts Focus to Investment in West Ashley

By | Commercial Space

Charleston’s successful retail market has attracted tenants to new and redeveloped space, resulting in a total vacancy rate of 5.4 percent for the market. Retailers who are seeking high traffic and prime visibility space are finding their options limited. Various factors are motivating investors to shift their focus from Mount Pleasant and downtown Charleston to the West Ashley retail market. Colliers International released its 2016 Research and Forecast Report (Q1) on retail space. It reports that as vacancy rates have…

Read More
commercial construction

Charleston Office Market and Construction Activity Remains Strong in 2016

By | commercial construction, Commercial Space

The first quarter of 2016 started off steady after a very active, historic year for the Charleston office market.  2016 continues to record high rental rates, declining vacancies, and the strongest commercial construction activity in recent years, according to the Collier’s International “South Carolina Research and Forecast Report Q1 2016.” Vacancy Rates Show Steady Decline Vacancy rates remain steady at 7.8 percent in the local office market, down from 10.5 percent a year ago.  Leasing activity has been slow due…

Read More
space planning

Signs Your Office Needs a Redesign – Space Planning

By | Commercial Space, Space Planning

The aesthetics of your office is likely not your top priority, and certainly, it should not carry the same weight as your business strategy or client needs. But considering the look and feel of your office space is important as the design of your office speaks volumes about your company’s brand. Proper space planning not only helps create an office that reflects your brand well, but it can also help to increase office productivity and morale. If you’re unsure whether…

Read More
space planning and design

Three Considerations for Your Office Space Planning and Design

By | Commercial Space, Space Planning

Proper space planning and design are crucial when building a new space or remodeling a current one. The planning and design experts at Carolina Services, Inc. recommend that you think through the following questions before getting started on your next project. What statement do I want my office space planning and design to make about my company? Regardless of whether you want it to or not, your office space design speaks volumes about your company. Your office’s design is a…

Read More