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Economic Growth

employee take a break relax

You Deserve to Take a Break Today!

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

Working eight hours or more day after day can be mentally and physically challenging. Whether you work outside doing manual labor, have to stand on your feet all day, or are anchored to a desk, it’s vital that you take breaks for the sake of your health. And, when you supervise people that do these jobs, it’s just as important to encourage them to take some time-outs. Study Shows Correlation Between Employee Engagement and Breaks Working your staff to the…

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Demand is Strong for Office Space in Charleston

Demand is Strong for Office Space in Charleston

By 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…

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South Carolina in Top Ten Most Popular Places for New Residents

South Carolina in Top Ten Most Popular Places for New Residents

By Charleston SC, Economic Growth, SC

South Carolina continues to attract new residents, remaining in the top 10 most popular places to move and settle.  As of 2017 the state ranks at number 7, a drop of two spots from the previous 12 months according to United Van Lines annual survey of inbound relocations. Who is Moving to South Carolina? United Van Lines said that 57 percent of their customers in South Carolina are new residents. This puts our state in the nation’s top destinations for…

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Charleston and North Charleston Ranked Among Five Most Prosperous U.S. Cities

Charleston and North Charleston Ranked Among Five Most Prosperous U.S. Cities

By Charleston SC, Economic Growth

Charleston and North Charleston are among the top five most prosperous cities in the United States according to a recent study by California-based online apartment service RentCafe (rentcafe.com).  The study evaluated cities with at least 100,000 occupants and used six prosperity indicators between 2000 and 2016 to rank them.  These economic factors included changes in population, median household income, home values, higher education degree, poverty rate, and unemployment over the time period. Charleston ranked at No. 3, just after Odessa,…

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Volvo Cars Campus Fueling Speculative Development in Berkeley County

Volvo Cars Campus Fueling Speculative Development in Berkeley County

By Charleston SC, commercial construction, Economic Growth, Industrial Property, SC

A Spartanburg developer is the latest firm to capitalize on the industrial growth expanding along the Interstate 26 corridor in Berkeley County.  The Upstate firm hopes to build one of Charleston’s largest distribution centers in the region. Speculative Building Plans in Berkeley County Johnson Development Associates has filed a permit application with the Army Corp of Engineers. They plan to fill  8.2 acres of wetlands at a 91-acre site in Jedburg.  The 829,000 square foot speculative building would be on…

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Economists Give Charleston Slow and Steady Forecast for 2018

Economists Give Charleston Slow and Steady Forecast for 2018

By Charleston SC, Economic Growth, SC

Four economists gave South Carolina a good economic report for the coming year, stating the economy will continue to grow much like in 2017 at a “slow and steady” pace. University of South Carolina economist Joey Von Nessen said that “if you liked 2017, you’ll probably like 2018 as well,” at a meeting of local Charleston real estate professionals.  Charleston economist Stephen Slifer with NumberNomics gave an optimistic report of “better than ever” for the local region, and stated that…

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Port of Charleston Benefits from Southeastern Economic Boom

Port of Charleston Benefits from Southeastern Economic Boom

By Charleston SC, Economic Growth

The rise in trade and investments is fueling the U.S. Southeast’s economic growth as more shipping companies choose the Port of Charleston. The economic and demographic growth of the Southeast is surging and South Carolina is playing a key role in the boom. As a result businesses and international companies are looking at production, transportation and logistics operations in the region, with an increasing number of companies choosing South Carolina and the Port of Charleston to take advantage of lower…

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Charleston Economic Report Gives Mixed Reviews

Charleston Economic Scorecard Reports Mixed Reviews

By Charleston SC, Economic Growth

The 2017 Regional Economic Scorecard gives mixed grades for Charleston metro area in its latest economic report card. The biggest challenge for the region’s growing economy is to create affordable housing near jobs. The area is becoming more congested with traffic since most workers cannot find housing near their jobs.  The Charleston Metro Chamber of Commerce and Charleston Regional Development Alliance released the economic report at the end of 2017. It measured Charleston’s economic health compared to the national averages…

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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. This announcement comes 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…

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Charleston Bows Out of Race for 50,000 Jobs

Charleston Bows Out of Race for 50,000 Jobs

By Charleston SC, commercial development, Economic Growth, SC

South Carolina is a long shot to win the contract for a new Amazon headquarters in North America.  The state has no cities with at least 1 million people, no major international airport or highly developed mass transportation system to meet the logistic demands of Amazon.  Many states and cities are vying to have the opportunity to build the approximately 8 million square-foot Amazon campus. Charleston to Sit Out Race Charleston has decided to sit out the race for 50,000…

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