Category

Manufacturing

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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Volvo Commits to Doubling Investment in Berkeley County

Volvo Commits to Doubling Investment in Berkeley County

By | Economic Growth, Manufacturing, SC

Volvo Cars recently announced plans to double its investment in Berkeley County to more than $1 billion even before a single vehicle has been produced at its future manufacturing plant in Ridgeville. The new $500 million manufacturing plant is scheduled to open next summer with 2000 new employees.  The new investment will add an additional 2,500 new jobs to the area. “When we made the decision in early 2015 to build here, of course you make that kind of decision…

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Industrial Property

Growth in Port and Manufacturing Economy Spurs Investment in Speculative Industrial Property

By | Industrial Property, Manufacturing

The first quarter report by CBRE commercial real estate shows a long term trend for the Charleston region in high growth, starting with the construction of Volvo’s 2.3 million square foot manufacturing facility in the I-26 North submarket.  The completion of the Volvo facility is expected to have a long term positive impact on the local economy, similar to that of BMW in the Greenville-Spartanburg industrial property market. The BMW facility has led to a demand for facilities for a…

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