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commercial development

Converting a residential property into an office space renovation

Converting a Residential Property into an Office  

By commercial development

If you are looking at reconfigured office space for your business or company, consider converting a residential property into a functional and productive workspace. Many employees will appreciate the casual vibe and unconventional approach to the workday- plus there are perks for you and your business, too. If you need work or office space, consider how you might reconfigure and optimize a residential space.   There are many perks to converting your residential property into an office, including:  Atmosphere  If a casual vibe…

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Carolina Services, Inc. Supply And Demand Trends

Supply and Demand Trends That Could Impact Your Small Business

By Charleston, Charleston Office Market, commercial construction, commercial development, Construction, Economic Growth, Manufacturing

Do you think keeping up with supply and demand trends isn’t necessary for you? Think again! Almost half (45%) of American businesses are struggling with supplier delays right now. If you’re not among that half, then you can expect to feel the repercussions soon. Experts estimate the global supply chain problems will only get worse as we head into 2022. If you’re not keeping up with supply and demand trends, then you should be. Why? They’ll impact your business in one way…

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Yellow Safety Helmet On Workplace Desk With Construction Worker

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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construction worker

Energy Efficiency in Commercial Construction

By commercial development

Most businesses today want to save money in any way possible, as well as be socially responsible. They achieve both goals by choosing a building that is energy efficient. While some efficiencies can be achieved with modifications, the most effective ones will come from the design and construction phases.  Interestingly, some areas of the country are more successful at this approach than others. So, how can you get the most energy-efficient performance out of your next commercial construction project? Commercial…

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remodeling

Remodeling – What You Need to Know

By commercial development

Whether you are a property manager that wants to modernize your space or a tenant that needs to complete a build-out to add the customized features you need for your business, commercial remodeling projects can be complex. Many owners and tenants aren’t sure what to expect when approaching one of these projects, so having the right information on hand in advance can make planning and dealing with the process more seamless.  The Difference Between Remodeling and Renovation If you’re looking…

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cutting budget concept with calculator

Improve Your Bottom Line with Safe Budget Cuts

By commercial development

Businesses operating in the for-profit sector rely on profits for growth and survival. Profitability, or optimizing the bottom line, is essential to expanding operations, securing financing, attracting investors, retaining a quality workforce, buying inventory and remaining competitive. Indeed, for all organizations large and small, controlling expenses and making budget cuts is both prudent and necessary. As Sam Walton said, “Control your expenses better than your competition. This is where you can always find the competitive advantage.” Ideas to Improve Your…

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New Tax Law Opportunity Zones Promote Investment in Economically Distressed Areas

New Tax Law Opportunity Zones Promote Investment in Economically Distressed Areas

By commercial development, commercial real estate, Economic Growth

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. They helped push through the legislation, which gained bipartisan support from both Houses of Congress.  The creation of Opportunity Zones was a part of the 2017 Tax Cuts and Jobs Act. The goal is to promote investment in regions of the…

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$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.  Bennet Hospitality of Charleston and Atlanta-based Holder Properties are the developers of the Ferry Wharf project.  The development is already under construction with a five-story 120,000 square foot office building called Portside. Serendipity Labs of New York preleased 30,000 square feet, and financial firm Merrill Lynch 25,000 square feet…

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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 area has increased demand for office space  in Charleston 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 Employment and Vacancy Rates  Charleston increased total employment by 1.5 percent since last year with…

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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

Federal regulators have approved plans to extend Joe Riley Waterfront Park to the north and front of a luxury apartment building.  The “River Walk” project will expand by 400 feet along the Charleston Harbor and will be accessible to the public. Developers expect to begin the project in 2019 and to complete it by 2021. Charleston’s Waterfront Park The waterfront park is the “most visited” park in downtown Charleston.  The park will extend from the north entrance of a portion…

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