Category

Commercial Space

“Live Work and Play” Office Space Popular with Prospective Tenants

By Commercial Space

Office properties in central business districts (CBD) are outperforming those in typical single-use suburban office areas, according to recent trends examined by the NAIOP Research Foundation.  Well-designed mixed use infill projects near central business districts are attracting companies and young educated workers. Bakery Square near downtown Pittsburgh is an example of a successful mixed use redevelopment on six acres of a former Nabisco factory. Tenants of Bakery Square include Google, university medical staff, upscale retailers, and a hotel with a…

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What Does the Future Hold for Retail Shopping Malls?

What Does the Future Hold for Retail Shopping Malls?

By commercial real estate, Commercial Space

More than 3000 attendees from the ShopTalk conference came to talk about the health of  retail shopping in response to recent declining quarterly sales by a number of box stores, including Macy’s, Target, and Kohl’s.  These stores are seeing the need to cater to online shoppers and those individuals looking for deals at discount shopping outlets. Some analysts speculated that Amazon could supplant Macy’s during the next year as the lead seller of apparel and other goods. Steve Lowy, co-CEO…

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Downtown Historic Facility to Become Mixed-Use Development

Downtown Historic Storage Facility to Be Converted to New Mixed-Use Development

By commercial construction, Commercial Space

A new mixed-use development is in the planning stages at the site of AAA Downtown Storage, a 294 unit storage business.  An Ohio developer and a local real estate investment firm have bought 12 parcels of land surrounding the historic storage facility at 44 Line Street for $8.7 million. The new development will extend to Sheppard, Meeting and Line streets and an old railroad line. The developers hope to build new apartments and businesses with open spaces, on the mid-peninsula…

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Retail Market

Tight Occupancy Rates in Retail Market Shifts Focus to Investment in West Ashley

By Commercial Space

Charleston’s successful retail market has attracted tenants to new and redeveloped space, resulting in a total vacancy rate of 5.4 percent for the market. Retailers who are seeking high traffic and prime visibility space are finding their options limited. Various factors are motivating investors to shift their focus from Mount Pleasant and downtown Charleston to the West Ashley retail market. Colliers International released its 2016 Research and Forecast Report (Q1) on retail space. It reports that as vacancy rates have…

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commercial construction

Charleston Office Market and Construction Activity Remains Strong in 2016

By commercial construction, Commercial Space

The first quarter of 2016 started off steady after a very active, historic year for the Charleston office market.  2016 continues to record high rental rates, declining vacancies, and the strongest commercial construction activity in recent years, according to the Collier’s International “South Carolina Research and Forecast Report Q1 2016.” Vacancy Rates Show Steady Decline Vacancy rates remain steady at 7.8 percent in the local office market, down from 10.5 percent a year ago.  Leasing activity has been slow due…

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space planning

Signs Your Office Needs a Redesign – Space Planning

By 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…

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space planning and design

Three Considerations for Your Office Space Planning and Design

By Commercial Space, Space Planning

Proper space planning and design are crucial when building a new space or remodeling a current one. The planning and design experts at Carolina Services, Inc. recommend that you think through the following questions before getting started on your next project. What statement do I want my office space planning and design to make about my company? Regardless of whether you want it to or not, your office space design speaks volumes about your company. Your office’s design is a…

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church restoration

3 Signs Your Congregation Should Consider a Church Restoration

By Church Restoration, Commercial Space

Restoring a historic church building can be a major undertaking, and oftentimes, congregations end up putting the process off for longer than is beneficial. When in discussions as to whether your church restoration project should move ahead or not, consider the following three items. If your space isn’t collaborative, you should consider a church restoration project. A primary purpose in any congregation is fellowship. As such, church spaces need to be designed in such a way that encourages an ease…

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Charleston, SC Economic Growth

Port Increases Generate Charleston, SC Economic Growth

By 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, 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 revenue to stream into the Lowcountry….

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Charleston, SC Economic Growth

Charleston, SC Economic Growth Brings Need for Increased Commercial Construction

By 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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