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The Challenge of Designing Office Space for Five Generations of Workers

The Challenge of Designing Office Space for Five Generations of Workers

By | Office Design, Uncategorized

“Space: the final frontier.” You may remember these words used at the end of the Star Trek film series. While that expression served well to summarize the great adventures of the starship Enterprise and its intrepid crew, it may also have some application to business today. Space, office space that is, now offers new challenges for business leaders. While it is not the “final frontier,” office space faces a new frontier due to changing worker demographics. Today, workers are living…

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U.S. Central Business Districts with the Most Expensive Office Buildings

U.S. Central Business Districts with the Most Expensive Office Buildings

By | Uncategorized

If you are planning to construct a new office building, many factors come into play. Those factors include the characteristics of the location, and of course, construction and operating costs. Depending on your objectives, the possibility of central business districts may be on your list of considerations. What are Central Business Districts? Central business districts function as the commercial and business centers of cities. They are usually thought of as a city’s “financial district,” often termed the “city center” and…

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How the Use of Colors Transformed Charleston’s Iconic Landmark Rainbow Row

Use of Colors Transformed Charleston’s Iconic Landmark Rainbow Row

By | Charleston SC, Uncategorized

Rainbow Row continues to grow and expand beyond the original row, traditionally defined as buildings on the west side of East Bay Street between Trad and Elliott streets.  There are more colorful structures to the north and south these days, and they are beginning to transform buildings on Tradd Street to the west. “Color is contagious,” said Kirstopher King, executive director of the Preservation Society of Charleston to the Post & Courier.  Rainbow Row is a relatively recent phenomenon, dating…

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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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$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.  The Ferry Wharf development, with views across the harbor of downtown Charleston, is being developed by Bennet Hospitality of Charleston and Atlanta-based Holder Properties.  The development is already under construction with a five-story 120,000 square foot office building called Portside.  The office building is already 45 percent preleased to…

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Foreign Investors Buy $153 Billion Worth of US Homes

Foreign Investors Buy $153 Billion Worth of U.S. Homes

By | Uncategorized

Foreign investment in U.S. homes has surged to the highest level during the last year. Foreign buyers have snapped up $153 billion worth of U.S. residential properties which marks a 49 percent jump from 2015-2016, according to the National Association of Realtors.  Florida, Texas and California drew the most investments from foreign countries.  The huge jump in investment comes as a surprise after a recent slump and the current strength of the U.S. dollar against foreign currencies which makes the…

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Former West Ashley School Renovated into Office Space

By | Commercial Space, Uncategorized

The former Albemarle School in West Ashley has been converted to 20 office spaces and is already fully leased.  Charleston attorney John Hagerty bought the 25,000 square foot property in 2015 for $1.4 million and immediately started a renovation for an additional $1.6 million.  The newly refurbished office building is now called the Schoolhouse. The Parks Conservancy has leased 4,000 square feet of office space, on the backside of the building, which is adjacent to the Parks Conservancy’s 3 1/2acre…

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Firm Selected for West Ashley Master Plan Rejected by City Council

By | Charleston SC, commercial development, Uncategorized

Charleston City Council voted down the contract with the firm selected to develop the West Ashley Master Plan in late December. Dover Kohl was the planning firm selected by the West Ashley Revitalization Commission, and presented to the City Council as the top pick of a dozen bidders for the project. The selection committee includes three council members and five city employers.  Dover Kohl is known locally for its involvement in the development of the I’On Development in Mount Pleasant. …

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Charleston, South Carolina: Number One City

Charleston Chosen as Greatest City on Earth!

By | Charleston SC, Tourism, Uncategorized

Readers of Travel & Leisure magazine recently voted Charleston the number one  city in the world in the tourism magazine’s Worlds’ Best City ranking.  This is the first time Charleston was placed on top of the world in the magazine’s rankings. It is also the first time a destination in the United States (U.S.) made the top of the list. Travel & Leisure (www.TravelandLeisure.com/WorldBest) also named Charleston as the number one city in the United States and Canada for the…

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Economic Strategy

One Region Develops Economic Strategy for Charleston

By | Economic Growth, Uncategorized

Charleston Regional Development Alliance (CRDA) and the Charleston Metro Chamber of Commerce unveiled their five year strategy for economic development of the Charleston metro area. The new plan, called “One Region,” (oneregionstrategy.com) builds on the region’s previous efforts to make the Charleston region more competitive for job growth and business investment. Some “high impact” industries highlighted in the plan include aerospace, automotive and information technology. The plan was developed based on over 1,000 hours of research, surveys, focus groups, and interviews…

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