Category

Charleston SC

Jun 15
10
Charleston and North Charleston Ranked Among Five Most Prosperous U.S. Cities

Charleston and North Charleston Ranked Among Five Most Prosperous U.S. Cities

By | Charleston SC, Economic Growth

Charleston and North Charleston are ranked among the top five most prosperous cities in the United States according to a recent study by California-based online apartment service RentCafe (rentcafe.com).  The study evaluated cities with at least 100,000 occupants and used six prosperity indicators between 2000 and 2016 to rank them.  These economic factors included changes in population, median household income, home values, higher education degree, poverty rate and unemployment over the time period. Charleston ranked at No. 3, just after…

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Apr 30
0
Volvo Cars Campus Fueling Speculative Development in Berkeley County

Volvo Cars Campus Fueling Speculative Development in Berkeley County

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

A Spartanburg developer is the latest firm to capitalize on the industrial growth expanding along the Interstate 26 corridor in Berkeley County.  The Upstate firm hopes to build one of Charleston’s largest distribution centers in the region. Johnson Development Associates has filed a permit application with the Army Corp of Engineers to fill 8.2 acres of wetlands at a 91-acre site in Jedburg.  The 829,000 square foot speculative building would be built on the eastbound side of I-26 near the…

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Mar 29
0
New Downtown Condominiums A Rare Development

New Downtown Gadsden Condominiums A Rare Development

By | Charleston SC, commercial development

The new condominium development near the South Carolina Aquarium is a rare project in new residences for the Charleston downtown region.  The construction of the new four-story Gadsden development is near completion, with 76 units to be available at Laurens and Concord Streets by the end of the year.  The $60 million development is one block from the waterfront at Gadsdenboro Park, and features one, two, and three-bedroom units.  The condominiums will start at the low $400,000 and go up…

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Mar 14
0
Economists Give Charleston Slow and Steady Forecast for 2018

Economists Give Charleston Slow and Steady Forecast for 2018

By | Charleston SC, Economic Growth, SC

Four economists gave South Carolina a good economic report for the coming year, stating the economy will continue to grow much like in 2017 at a “slow and steady” pace. University of South Carolina economist Joey Von Nessen said that “if you liked 2017, you’ll probably like 2018 as well,” at a meeting of local Charleston real estate professionals.  Charleston economist Stephen Slifer with NumberNomics gave an optimistic report of “better than ever” for the local region, and stated that…

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Jan 31
0
Port of Charleston Benefits from Southeastern Economic Boom

Port of Charleston Benefits from Southeastern Economic Boom

By | Charleston SC, Economic Growth

The rise in trade and investments is fueling the U.S. Southeast’s economic growth as more shipping companies choose the Port of Charleston. The Southeast is experiencing a surge in both economic and demographic growth with South Carolina playing a key role in the economic boom. As a result businesses and international companies are looking at production, transportation and logistics operations in the region, with an increasing number of companies choosing South Carolina and the Port of Charleston to take advantage…

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Jan 15
0
Charleston Economic Report Gives Mixed Reviews

Charleston Economic Scorecard Reports Mixed Reviews

By | Charleston SC, Economic Growth

The 2017 Regional Economic Scorecard gives mixed grades for Charleston metro area in its latest economic report card. The biggest challenge for the region’s growing economy is to create affordable housing near jobs. The area is becoming more congested with traffic since most workers cannot find housing near their jobs.  The Charleston Metro Chamber of Commerce and Charleston Regional Development Alliance released the economic report at the end of 2017, which measures Charleston’s economic health compared to the national averages…

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Dec 30
0
Historically Low Vacancy Rate Continues in Charleston

Historically Low Vacancy Rate Continues in Charleston

By | Charleston SC, Commercial Space

The vacancy rates in Charleston and surrounding markets are historically low, and will continue as a result of on going tight market conditions.  The vacancy rate at the end of the third quarter of 2017 went down from 7.9 percent to 7.4 percent, according to the latest Collier International Research & Forecast Report for the Charleston region. As a result, rental rates since 2016 have increased by 14.3 percent from $23.55 per square foot to $26.92 per square foot in…

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Nov 15
0
Charleston Bows Out of Race for 50,000 Jobs

Charleston Bows Out of Race for 50,000 Jobs

By | Charleston SC, commercial development, Economic Growth, SC

South Carolina is a long shot to win the contract for a new Amazon headquarters in North America.  The state has no cities with at least 1 million people, no major international airport or highly developed mass transportation system to meet the logistic demands of Amazon.  Many states and cities are vying to have the opportunity to build the approximately 8 million square foot Amazon campus. Charleston has decided to sit out the race for 50,000 new high paying jobs,…

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Oct 30
0
The Challenge to Harness Solar Energy in Building Design

The Challenge to Harness Solar Energy in Building Design

By | Charleston SC, Construction, Green Construction, SC

Charleston has over 200 sunny days on average each year, and has the potential to store and harness solar energy as the primary source of power in new building design.  There are several building projects underway to make individual buildings “net zero” in South Carolina. These buildings are designed to produce as much energy as they take in each year. The Net Zero Energy Building is one design approach being used in South Carolina to build highly efficient buildings with…

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Sep 14
1
Charleston City Council Passes New Zoning Laws to Refine Building Heights and Design

Charleston City Council Passes New Zoning Laws to Refine Building Heights and Design

By | Charleston SC, commercial development

The Charleston City Council approved a new set of zoning rules to limit the recent trend in building heights and design that will help preserve the Southern architecture that is unique to the Holy City. Recent trends have led to larger developments across the city landscape, and even with height restrictions have led to more boxy and tall buildings. “You can look at new modern builds, such as the new development at the corner of King and Spring streets, that…

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