Carolina Services Inc., Author at Carolina Services Inc

Apr 30

Shared Offices Redefining Where People Work

By Carolina Services Inc. commercial real estate, Uncategorized

The shared office movement has been gaining momentum for years, and is now skyrocketing. The popularity of shared offices is redefining where and when people work. There was only one co-working space in 2005 compared to more than 3,000 worldwide in 2013. A recent article in Development magazine, “The Future of Shared Office Spaces,” notes “coworking centers and executive suites that offer shared workspace have become one of the hottest trends among tech startups, freelancers and creative types seeking community…

Apr 15

Foreign Investment in U.S. Commercial Real Estate Soars

By Carolina Services Inc. commercial real estate, Economic Growth

Foreign investors had a record year in investments in U.S. commercial real estate in 2015. Foreign investment in direct property purchases totaled $91.1 billion last year, accounting for 17 percent of all such deals in 2015. According to an analysis done by Real Capital Analytics, Chinese investors emerged as one of the biggest players in the U.S. commercial property market. Canadian investors also were a top foreign source of capital coming into the United States, and were behind several signature…

Mar 30

Charleston City Council Weighs Temporary Commercial Real Estate Hotel Development Ban

By Carolina Services Inc. commercial construction

Charleston City Council pulled a proposal from its recent meeting to place a temporary ban on downtown hotel projects recommended by new Charleston Mayor John Tecklenburg. The Council called for a study instead by its city staff during the next 90 days about the commercial real estate matter, with a follow up report due to the Council discussing issues related to downtown development of new hotels. The Post and Courier wrote an extensive article about this issue a day ahead of the…

Mar 15

Experts Identify Five Economic Trends To Watch in 2016

By Carolina Services Inc. Economic Growth

Economists with Marcus & Millichap recently identified five economic trends to watch this year for office and industrial real estate in the company’s “2016 U.S. Office & Industrial Investment Forecast.” The report focuses on economic trends regarding jobs, the oil industry, interest rates and inflation. It also explains the impact these factors have on construction in office and industrial real estate. 1. Declining oil prices may lead to a global slowdown. The United States economic outlook remains strong, but concern is…

Feb 15

SC Business Recruitment Leads to New Projects and Job Creation

By Carolina Services Inc. Construction, Economic Growth

South Carolina’s economy remains strong with solid business recruitment in 2015, according to a report released by the SC Commerce Department (S.C. Department of Commerce http://sccommerce.com/). The state yielded $4.21 billion in capital investments, and won 150 economic development projects, and 17,280 jobs by new and expanding businesses. South Carolina is a manufacturing stronghold, with 56 percent of jobs or 9,680 jobs coming from the manufacturing sector. The sector accounted for 86 percent of total capital investments, yielding 3.6 billion…

Jan 29

Space Planning – Signs Your Office Needs a Redesign

By Carolina Services Inc. 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…

Jan 15

Chamber Focuses on Infrastructure – SC Economic Growth

By Carolina Services Inc. Economic Growth

According to the Charleston Regional Business Journal, South Carolina’s Chamber of Commerce is once again focusing on funding infrastructure in the Palmetto State. Infrastructure at the top of the funding list includes crucial roads and bridges in the Charleston area and the county’s economic growth. Changes to Legislation The Charleston Chamber reports that the “South Carolina House of Representatives passed the ‘South Carolina Infrastructure Finance Reform and Tax Relief Act’ by a vote of 87-20.” The plan, put together by…

Dec 15

Construction Industry Helps SC Economy

By Carolina Services Inc. Construction, Economic Growth

Charleston’s Post and Courier reports that economists from The University of South Carolina are claiming that the Palmetto State is officially out of the economic recession. USC economists Doug Woodward and Joseph Von Nessen told The Post and Courier that the SC economy has largely benefitted from its emphasis on manufacturing. They point out that manufacturing has been a strong suit for South Carolina over many decades but that another industry stepped up in 2015 to bring the state out of the recession. Construction…

Aug 31

Port Increases Generate Charleston, SC Economic Growth

By Carolina Services Inc. Commercial Space, Economic Growth, Space Planning

After several years of repeated volume growth, Charleston, SC’s port increased its container volume by 14% during the 2015 fiscal year. This is a near-record level for the SC port and is reflected in economic growth. And, Charleston’s Post & Courier reports, more contracts with container ships have been made for the year ahead. Middle Eastern companies, such as the United Arab Shipping Company, as well as Asian companies have struck new partnerships with the Charleston port, allowing even more…

Aug 17

Charleston, SC Economic Growth Brings Need for Increased Commercial Construction

By Carolina Services Inc. Commercial Space, Construction, Economic Growth, Space Planning

Charleston, SC has long been a city that has attracted new residents, but recently it has been growing at a much faster rate, and experts predict that this growth is only going to increase. The New York Times referred to Charleston in this season as “enjoying a robust economy and one of the most transformative regional population booms since the Civil War.” And the Charleston Metro Chamber of Commerce is also predicting a very positive economic turn for the area,…

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