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commercial construction

Sep 16
hiring a commercial construction company

3 Questions to Ask When Hiring a Commercial Construction Company

By commercial construction

Whether you are an existing company doing a remodel of your space or a new tenant doing a build-out, you have a lot of things to consider when hiring a commercial construction company. Commercial construction has a few similarities to residential construction, but there are also many differences and potential complications for your business. If you’re planning on outsourcing your commercial construction needs, there are 3 questions you should ask to make sure you are choosing the right company.  1….

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Aug 16

What is Value Engineering in Commercial Construction?

By Charleston Office Market, commercial construction, commercial development, Construction

Commercial construction projects take on all shapes. Whether you are building or renovating an office, warehouse, or retail space, you want to make sure that your needs are met and your resources are maximized. When it comes to value engineering in construction, the goal is more about the best use of resources as opposed to finding shortcuts or the cheapest materials.  What is Value Engineering? Value engineering in construction is a method the project team uses to improve your project’s…

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May 28

Should You Renovate Your Office Now or Later?

By commercial construction

As your business changes and grows, it makes sense that the office space it occupies is going to need to evolve to keep up. Whether you have experienced massive growth, have more office staff working from home, or have simply changed the focus of your business, now might be the perfect time to think about remodeling your space.  Your office needs to reflect your brand, and this is tough to accomplish if it isn’t functional or its look is outdated….

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Oct 04
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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Aug 07
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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Mar 27
Vacancy Rates Go Up with New Construction of Office Buildings

Vacancy Rates Go Up with New Construction of Office Buildings

By Charleston SC, commercial construction, Commercial Space, Construction, Economic Growth, Uncategorized

As demand for new construction continues to grow in the Charleston market, vacancy rates continue to rise according to Colliers International Research & Forecast Q4 2018 Report.  The expectation is that the vacancy rate will continue this trend into the first few quarters of 2019.  This vacancy rate is on the rise primarily due to 11 new office buildings delivered in 2018 that totaled 433,024 square feet of new construction. The Charleston office market has a total of 13,185,388 square…

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Feb 28
$325 Million Mount Pleasant Development Rises on Charleston Harbor

$325 Million Mount Pleasant Development Rises on Charleston Harbor

By Charleston SC, commercial construction, commercial development, Construction, Economic Growth, Mount Pleasant, Tourism, Uncategorized

The East Cooper side of Charleston Harbor will soon see the development of an 18-acre parcel that will furnish 1 million square feet of office space, retail, hospitality, and residential space.  The Ferry Wharf development, with views across the harbor of downtown Charleston, is being developed by Bennet Hospitality of Charleston and Atlanta-based Holder Properties.  The development is already under construction with a five-story 120,000 square foot office building called Portside.  The office building is already 45 percent preleased to…

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Jan 08
Demand is Strong for Office Space in Charleston

Demand is Strong for Office Space in Charleston

By Charleston, Charleston SC, commercial construction, commercial development, commercial real estate, Commercial Space

The growth in the number of people who live and work in the Charleston area have increased demand for office space according to research done by Marcus & Millichap, a California-based commercial real estate brokerage and research company. New business headquarters and centers are interested in renting office space in Charleston as a result of increased employment and population gains in the Lowcountry.  Charleston increased total employment by 1.5 percent since last year with 5,200 new jobs created.  “The unemployment…

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Dec 18
Federal Regulators Approve Expansion of Charleston’s Waterfront Park

Federal Regulators Approve Expansion of Charleston’s Waterfront Park

By Charleston SC, commercial construction, commercial development

Plans to extend Joe Riley Waterfront Park to the north and front of a luxury apartment building have been approved by federal regulators.  The “River Walk” project will expand by 400 feet of land along the Charleston Harbor and will be accessible to the public. The work to expand this project will begin in 2019 and is expected to be completed by 2021. The waterfront park is the “most visited” park in downtown Charleston, and will extend from the north…

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Oct 17
Sgt. Jasper Apartments Finally Breaks Ground

Sgt. Jasper Apartments Finally Breaks Ground

By Charleston SC, commercial construction, commercial development

Developers finally broke ground recently to build a 12-story 219-unit multifamily housing and commercial complex at the former Sergeant Jasper site on Broad Street in Charleston.   Construction of the multimillion-dollar buildings, called The Jasper, should be completed by 2020.  The Beach Co. is the developer of the upscale project near Colonial Lake. The large commercial building is one of the largest buildings the city’s Board of Architectural Review (BAR) has ever approved. The space will include 25,000 square feet of…

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