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…
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…
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…
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…
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…
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…
A recent study by the Urban Land Institute proposed an ambitious plan to revitalize the blighted North Charleston Rivers Avenue corridor with affordable housing, private development, walkable streets, and community services. The study’s main recommendations agree with recent Charleston County Council plans to recommend the demolishment of the former Charleston Naval Hospital at an estimated cost of $6 million. Recently the Charleston County Council received a proposal from a potential buyer, so plans to demolish the Naval Hospital are on…
The Palmetto State continues to be one of the fastest growing regions in the country with nearly 63,000 people moving to South Carolina in the last year. More than 80 percent of new residents moving here are from out-of-state locations, according to the Census Bureau. Some areas of South Carolina have seen slower population growth while other counties – including Horry and Berkeley counties – are seeing new residents pour in. Counties adjacent to Charlotte and Spartanburg have also seen…
Mount Pleasant Town Council implemented a building permit allocation system, which would place limits on home construction throughout the entire municipality. The Council has wrestled with the decision in the past and finally approved a plan in January to restrict the number of building permits to slow residential growth by a third. New Permit Allocation System Will Contain Rapid Growth Mount Pleasant is the fourth-largest and fastest growing city in South Carolina. The town experienced rapid growth and now has…
The new tax law passed in 2018 provides commercial real estate investment opportunities with the establishment of new regulations that permit Opportunity Zones. South Carolina Senator Tim Scott and U.S. Representative Ron Kind (D-WI) were promoters of the concept and helped push through the legislation which gained bipartisan support from both Houses of Congress. The Opportunity Zones were created as part of the 2017 Tax Cuts and Jobs Act to promote investment in regions of the country that were struggling…
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