2013 Charleston Commercial Market Forecast: Office and Industrial Update

3,042 views

Published on

The office and industrial market update given at the 2013 Charleston-area commercial market forecast, on October 24, 2013 at the Daniel Island Club. The presentation was given by Bob Caldwell, SIOR, President of Caldwell Commercial.

Published in: Business, Economy & Finance
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
3,042
On SlideShare
0
From Embeds
0
Number of Embeds
2,400
Actions
Shares
0
Downloads
2
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

2013 Charleston Commercial Market Forecast: Office and Industrial Update

  1. 1. Office & Industrial Markets Analysis and Outlook 2013
  2. 2. Primary Sub-Markets & Inventory OFFICE: INDUSTRIAL: N. Charleston N. Charleston (4,882,316 SF) (11,678,020 SF) Peninsula Hanahan/N. Rhett (2,132,469 SF) (3,775,340 SF) West Ashley Wando/Cainhoy (1,078,580 SF) (4,324,844 SF) Mt. Pleasant Peninsula (1,678,007 SF) (2,856,986 SF) Total = 11,496,278 SF Total = 32,758,481 SF
  3. 3. Historical & Current Vacancies 20 Office: 18 Vacancy Rate (%) 16 14 12 10 8 6 4 2 0 2007 Industrial: 2008 CLASS A 2009 2010 CLASS B CLASS C 2011 2012 3Q2013 TOTAL MARKET 14 Vacancy Rate (%) 12 10 8 6 4 2 0 2007 2008 FLEX 2009 WAREHOUSE 2010 2011 TOTAL MARKET 2012 2Q2013
  4. 4. Charleston v. National Vacancies Office Market: Industrial Market:
  5. 5. Market Drivers Case Study: Aviation Business Park • • • Location: North Charleston between Airport & I-26 Total Office/Flex Space = 350,000 SF 95% to 98% Occupancy Since Completion (2008)
  6. 6. On the Horizon… Courier Square

×