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Construction

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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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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Tips for Completing Office Renovations During Supply Shortages

By Construction, Space Planning

Now that much of the country is getting back to in-person work after the COVID-19 pandemic, a growing number of companies are looking to make changes to their office spaces. Some companies have chosen to update their spaces, and others have decided that a full renovation is in order.  But there are new challenges in place for the commercial construction and renovation sector that could impact these plans. So far this year, we’ve seen volatile pricing for materials, an uncertain…

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Healthy and Clean Air in Your Office Space

By Construction, Installation, Space Planning

Since we spend roughly 90 percent of our time indoors, having clean air matters. Indoor air quality (IAQ) refers to the “quality” of the air in your office’s indoor space. More specifically, you want your office to be free of pollutants and materials that float freely throughout the building, which might cause significant harm to both occupants and your business.  How Indoor Air Quality Impacts Productivity There is an established link between clean offices and higher cognitive functioning. In short, this means that having…

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Charleston’s Historic Optimism Shows in New Building Project

By Charleston, Charleston Office Market, Charleston SC, Commercial Space, Construction, Economic Growth

The past year has been anything but ordinary for the country and the residents of South Carolina. But, that doesn’t mean progress has come to a halt. In fact, many new projects have been announced in the past year, including some exciting commercial space expansions. One such project in the downtown Charleston area is well underway.  Office & Retail Project in Progress – 741 Meeting Street A project at 741 Meeting Street has broken ground and will bring plenty of new commercial…

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Laminate vs. Tile: Which is Right for You?

By Construction, Design, Installation, Office Design, Space Planning

Floor coverings have come a long way over the past several years, which is exciting news for your commercial space. Laminate flooring and tile flooring are two types of floors used by many businesses. They have a different look and style, and one might meet your needs more than another.  Choosing a floor for your business can be tough without all of the information. Here is what you need to know about the similarities and differences between laminate and tile…

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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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National Industry Forecast Shows Construction Building Costs Will Remain Steady

National Industry Forecast Shows Construction Building Costs Will Remain Steady

By Construction

The JLL 2019 Construction Outlook Research Report shows strong momentum from 2018 carrying the construction industry through 2019. The report indicates there will be steady building costs and vibrant economic fundamentals to sustain the industry. The report predicts a similar 5.1 percent growth from 2018 to this year, and a high level of confidence by contractors for the construction industry to remain strong. Material costs are expected to remain at current levels and the Federal Reserve has indicated there is…

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Mount Pleasant Slashes Construction by a Third with Approval of Limits on Building Permits

Mount Pleasant Slashes Construction by a Third with Approval of Limits on Building Permits

By Construction, Mount Pleasant

Mount Pleasant Town Council implemented a building permit allocation system, which would place limits on home construction throughout the entire municipality.  The Council has wrestled with the decision in the past and finally approved a plan in January to restrict the number of building permits to slow residential growth by a third. New Permit Allocation System Will Contain Rapid Growth Mount Pleasant is the fourth-largest and fastest growing city in South Carolina.  The town experienced rapid growth and now has…

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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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