The Charleston market continues to see strong demand for office space. In downtown Charleston, asking rental rates have increased by 4.4% to $32.73 SF/YR and vacancy continues to decrease. Demand is driven by a variety of tenants including the growing technology sector. The office market grew by...
Charleston boasts about its art scene, but it lacks in space to exhibit it. That's about to change with the additional of 5 new venues offering space for music, theater, visual exhibits, and artists' work spaces. The newly renovated and remodeled properties will be located on the peninsula, West...
After 71 years in business, Dixie Furniture located at 529 King St announced they are closing their downtown location. Nothing has been mentioned about the real estate or what the owners plan to do with the property at this time. <<Read Full Article Here>>
Check out this very cool time lapsed video of construction at the new port terminal off McMillan Avenue in North Charleston. What an engineering feat! <<Click here for the video.>> For more information about the new Hugh K. Leatherman, Sr. Terminal and all the SC Port locations...
Charleston County Council voted to remove 86 properties from the city's accommodations overlay zone, an area on the peninsula where hotels can be built. Properties in this zone include offices, housing, churches, and other structures, and the proposal makes it difficult for them to apply for...
As the tourism industry in South Carolina grows for the 4th straight year (6.1% over last year), the sales tax alone generated over $1.5 billion. Insiders cite numerous reasons for growth, including a favorable economy, lower gas prices, and the appeal of South Carolina's destinations. Learn...
The interior section of the Citadel Mall which totals about 290,620 SF has sold for $17 million. This sale doesn't include Belk, Dillard's, J.C. Penney, Sears and Target, all of whom own their own structures. The mall is the Lowcountry's largest shopping center and has about 55,000 SF (about...
As prime commercial real estate in Charleston becomes scarce, the developers of Pacific Box & Crate have been assembling and developing 10 acres at 1505 King Street. BoomTown plans to relocate to the new space, which will include tech companies, yoga, coffee, and restaurants. Learn more here.
Foodies are about to get a new way to taste food in one location when Workshop, a rotating mix of 5 food vendors, opens on King Street in March. Chefs can rent space on a short-term basis to see if their concepts will work in a larger restaurant or to try out new food concepts. Click here to see...
Five baseball fields and an indoor training facility are being built along the Wando River on Highway 41. 400,000 feet of AstroTurf are being used to create the fields. The complex is located in unincorporated Berkeley County and set to open sometime this summer depending on the weather as...
The Charleston County Aviation Authority reported a record 3.7 M passengers at the Charleston International Airport in 2016, which represents 6 years of gains. Reasons for the uptick are expanded airline services, 5 new gates, and additional improvements during the recent makeover. The airport...
The sale price of the SC State Port Authority's headquarters was released yesterday. The property overlooking the Charleston Harbor, which closes today, sold for $38,000,000. Lowe Enterprises plans to redevelop the property into a hotel. Learn more here.
Data released by the US Census Bureau puts South Carolina as the 10th fastest growing state in the United States. Over the last 12 months, the state has gained over 66,000 residents and is expected to pass a statewide population of over 5 million in 2017. Read more here.
To attract industrial tenants to the area, Dorchester County is planning a 100,000 SF speculative building on approximately 17 acres within Winding Woods Commerce Park, near St. George. Completion anticipated in summer 2017. Learn more here.
The majority of US tire production is done right here in South Carolina. Evonik Industries, an automotive tire supplier, is planning to invest $120M and create 50 new jobs at its newest chemical manufacturing plant in Goose Creek. Read more here.
