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Carolina Services

Big Data's Impact on Office Property Management and Building Operations

Big Data’s Impact on Office Property Management and Building Operations

By | commercial real estate

Technological advances are beginning to show significant impacts on how office property is managed and operated with the accumulation of digital data that help the commercial real estate industry make informed business decisions.  “The biggest trend we’re seeing is this whole digital disruption in our industry, from ubiquitous linked sensors to the technology that’s going into smart buildings,” said Dale Dekker, AIA, AICP principal with Dekker/Perich/Sabatini during a recent presentation at the NAOIP.   It’s truly driving commercial real estate in…

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Construction Starts on $54M Charleston Tech Center

Construction Starts on $54M Charleston Tech Center

By | Charleston SC, commercial construction, Construction

Construction recently started on the Charleston Tech Center, an architecturally modern six-story office building located on the upper peninsula of Charleston, SC.  The Charleston Tech Center (CTC) has been in the planning stages for the last five years and finally got the go-ahead by Charleston City Council to break ground under the new federal Opportunity Zones program.  Construction of the long-awaited Charleston Tech Center will be a 92,000 square foot structure of tech-focused office space on Morrison Drive, costing $54…

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Charleston Office Market Positioned for Continued Growth in 2019

Charleston Office Market Positioned for Continued Growth in 2019

By | Charleston Office Market

Charleston’s office market is poised for sustained growth through the rest of 2019 according to the latest Collier’s Research and Forecast Report. Vacancy rates will tighten as tenants compete for available office space until new buildings become available. The Charleston suburban markets will see a rapid growth this year and will gain new office space as developments are completed. There are currently 832,819 square feet of office buildings undergoing construction or renovation in the Charleston metropolitan area. Charleston’s Upper Peninsula is Booming…

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Multiple Downtown King Street Properties Sold for $24.5 Million

Multiple Downtown King Street Properties Sold for $24.5 Million

By | Charleston SC, commercial real estate, SC

A real estate transaction valued at $24.5 million recently closed for a sale that combined ten King Street properties and six sellers. The King Street deal included the sale of a large downtown parking lot and two historic buildings in the city’s robust shopping corridor. The sale took over a year and a half to close and is one of the most significant deals on King Street. The final real estate deal was done through Charleston Commercial and GS Acquisitions and included…

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Charleston Ranked No. 1 U.S. City for the 7th Straight Year by Travel + Leisure

Charleston Ranked No. 1 U.S. City for the 7th Straight Year by Travel + Leisure

By | Charleston SC, Tourism

Charleston has been ranked once again by Travel + Leisure readers as the number one U.S. city for the seventh year in a row. Charleston also ranked 12th on the magazine’s list of 15 best cities in the world, one of just two U.S. cities to make the “World’s Best” award list. Charleston ranked at 10th last year, and number one in 2016 on the world rankings list.  The magazine’s editor-in-chief, Jacqui Gifford said of Charleston’s showing, “it’s been exciting…

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South Carolina’s Industrial Market Remains Robust in 2019

South Carolina’s Industrial Market Remains Robust in 2019

By | Charleston SC, commercial construction, Economic Growth, Industrial Property, Manufacturing

Collier’s “2019 Research & Forecast Industrial Report” shows demand is high throughout the state of South Carolina in the industrial market.  South Carolina’s industrial properties absorbed 4.81 million square feet, and the industrial market is expected to remain strong with a steady demand throughout 2019.  There are 13.37 million square feet of industrial properties under construction which will provide quality space to the market at increased rental rates, according to the report. Market Indicators Are Strong Accessibility to domestic and…

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Why Is Office Space Layout Important to Employee's Health and Well-Being?

Why Is Office Space Layout Important to Employee’s Health and Well-Being?

By | Charleston SC, Commercial Space, Design, Office Design

The space in which employees work and spend their time can have a significant impact on their emotional wellbeing, even going so far as to affect their outlook on life and their productivity. As an employer who’s seeking to maximize productivity and employ a happy workforce, office space layout isn’t something that should be overlooked. Consider the following about the relationships between space and layout and productivity, health, and happiness. Poor Conditions Lead to Unhappier, Less Productive Employees Time and…

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How the Use of Colors Transformed Charleston’s Iconic Landmark Rainbow Row

Use of Colors Transformed Charleston’s Iconic Landmark Rainbow Row

By | Charleston SC, Uncategorized

Rainbow Row continues to grow and expand beyond the original row, traditionally defined as buildings on the west side of East Bay Street between Trad and Elliott streets.  There are more colorful structures to the north and south these days, and they are beginning to transform buildings on Tradd Street to the west. “Color is contagious,” said Kirstopher King, executive director of the Preservation Society of Charleston to the Post & Courier.  Rainbow Row is a relatively recent phenomenon, dating…

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National Industry Forecast Shows Construction Building Costs Will Remain Steady

National Industry Forecast Shows Construction Building Costs Will Remain Steady

By | Construction

The JLL 2019 Construction Outlook Research Report shows strong momentum from 2018 carrying the construction industry through 2019. The report indicates there will be steady building costs and vibrant economic fundamentals to sustain the industry. The report predicts a similar 5.1 percent growth from 2018 to this year, and a high level of confidence by contractors for the construction industry to remain strong. Material costs are expected to remain at current levels and the Federal Reserve has indicated there is…

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Innovative Office Designs Shaped by Millennial Generation

Innovative Office Designs Shaped by Millennial Generation

By | Commercial Space, Office Design

The millennial generation comprises up to one-third of the world’s population of employees and is the largest demographic of workers in the U.S. labor market. This new generation of office workers have unique sensibilities and values, and office design is increasing reflecting these values across the globe. Office Space Layouts are Changing  The dense cubicles typical of corporate office space during the last 50 years are now being replaced with new innovative floor space. The cubicle cells are often associated by…

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