commercial real estate Archives

Dec 15

Electrician performing preventative maintenance in business property

Benefits of Preventative Maintenance for Your Business Property

By Carolina Services, Inc. commercial real estate

Preventative maintenance is simply a part of owning a property. If you own a business or commercial property, taking care of the premises is even more critical. Failure to maintain your building and property could result in costly repairs, deterioration, and damage. Here is what business and property owners should know: Benefits of Preventative Maintenance Preventive maintenance involves taking routine care of your investment, assets, and facilities. The goal of preventative maintenance is to avoid costly breakdowns or issues related to…

Aug 31

Happy staff holding a throphy, excited for their busines achievements. Celebrating company success. Office meeting scenario.

5 Tips for Motivating Your Staff

By Jennifer Iverson Charleston SC, commercial real estate, Economic Growth

Motivating your staff is vital to the success of your business. When your team responds positively and puts its best efforts forward, you’ll have an organization that is characterized by excellent performance and growth. There’s a common misconception that the best way to motivate people is with cash. Compensation helps, but employees want to feel valued and appreciated above anything else. Here are some of the top ways you can keep your staff motivated and increase your business results. Tips…

Feb 29

Flood Protection for Commercial Real Estate

By Jennifer Iverson commercial real estate

Like any other property, commercial buildings are at risk of damage from catastrophic weather events that can produce flooding. Depending on your location and the season, losses caused by hurricanes and tornadoes are possibilities. But seasonal storms with their heavy winds, rain, and lightning strikes can also bring flooding concerns. Few areas in the United States don’t have a risk of floods, but South Carolina’s risk is greater than some. National Geographic reports that floods are responsible for about 140…

Oct 15

Big Data’s Impact on Office Property Management and Building Operations

By Carolina Services commercial real estate

Technological advances are beginning to show significant impacts on how office property is managed and operated with the accumulation of digital data that help the commercial real estate industry make informed business decisions. “The biggest trend we’re seeing is this whole digital disruption in our industry, from ubiquitous linked sensors to the technology that’s going into smart buildings,” said Dale Dekker, AIA, AICP principal with Dekker/Perich/Sabatini during a recent presentation at the NAOIP. It’s truly driving commercial real estate in…

Sep 10

Multiple Downtown King Street Properties Sold for $24.5 Million

By Carolina Services Charleston SC, commercial real estate, SC

A real estate transaction valued at $24.5 million recently closed, combining ten King Street properties and six sellers. The King Street deal included the sale of a large downtown parking lot and two historic buildings in the city’s robust shopping corridor. The sale took over 18 months to close and is one of the most significant deals on King Street. About the Transaction Charleston Commercial and GS Acquisitions completed the final real estate deal. Included were two historic structures on…

Apr 08

New Tax Law Opportunity Zones Promote Investment in Economically Distressed Areas

By Carolina Services 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…

Jan 08

Demand is Strong for Office Space in Charleston

By Carolina Services 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…

Aug 30

Big Changes Ahead for Multifamily Housing

By Carolina Services commercial construction, commercial development, commercial real estate

At a recent conference on multifamily development, BMC Investment CEO Matt Joblon predicted big changes in the multifamily housing market during the next two decades. He said “co-living is a real possibility where people are sharing kitchens and common areas and just having bedrooms. I think that will evolve. Things will get smaller and tighter, and it will be more about the experience.” The Future of Multifamily Housing He compared this trend to Facebook where people are looking for a…

Jun 30

Small Businesses Drive Growth in Commercial Real Estate Jobs

By Carolina Services commercial real estate

Commercial real estate jobs have picked up the pace since a hiring peak a decade ago. That increase is being driven by small companies and secondary markets. Real estate companies are posting single job opportunities, indicating that smaller, more entrepreneurial firms are hiring. This is a new trend according to David Funk, managing editor for the 2017 SelectLeaders Job Barometer Report (selectleaders.com). Funk oversees an in-depth assessment of the current U.S. job market in commercial real estate. “Over the last…

Mar 30

International E-Commerce Transforming Industrial Real Estate

By Carolina Services, Inc. commercial real estate, Industrial Property

Consumers these days are promised anything and expect everything when it comes to the seamless delivery of a product to their home. The supply chain from retailer to consumer follows an international web of retailers and logistics companies, with the goal of speeding up delivery of goods to the consumer. The demand for urban warehouses and international distribution centers has transformed the industrial real estate market. The Effect of E-Commerce E-commerce has led to a borderless, international marketplace with growing…

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