Even as the specter of a recession has hovered overhead, South Carolina’s commercial real estate industry continues to sizzle.
In fact, it had a record 2021, according to Colliers’ Columbia office.
Statewide executives and market researchers from Colliers South Carolina are in agreement that commercial demand is strong across the state in a wide variety of sectors, from retail to office, manufacturing, and warehouse and distribution space, Christina Lee Knauss writes in her commercial real estate industry roundup that you can read on page 26.
As a nod to all the hammering and sawing happening across The Palmetto State, we’re featuring a handful of commercial real estate projects in this edition of SCBIZ Magazine that were submitted to our Under Construction platform. These might not be the biggest or most expensive projects. But we thought they were worthy of some attention.
You can access the digital edition by clicking here.
Manufacturing and distribution/logistics is driving much of the demand for commercial property statewide, but Ron Anderson, vice president of research and information technology at Colliers’ Columbia office, also noted a strong demand for retail and high-quality office space as well, Knauss writes. Both the manufacturing and retail sectors offer evidence of the strength of the state’s strong commercial market.
As a resident of Greenville, the pace of construction is evident. It seems like new buildings are popping up on practically every street corner downtown. Last time I was in Charleston, a vantage point from a rooftop restaurant captured cranes dotting the skyline.
Inside you’ll also hear from Ashley Jackrel, vice president, Office & Investment Services, at Avison Young, on her thoughts about how we can keep commercial real estate humming. And you’ll read a feature on “alchemist” real estate developer Mark Cothran quietly working behind the scenes to build up the Upstate.
As always, thanks for reading.
Now, where’d I put those nails?