2014 Charleston Commercial Market Forecast - Office market report presented by Terrence S. Ansley, CPM, Broker-in-Charge, Landmark Enterprises

1. Commercial Real Estate Market Forecast
October 8, 2014 | Daniel Island Club

2. www.CharlestonCommercialMarketForecast.com
DEMAND POPULATION GROWTH RENTAL RATES VACANCY INTERNET SALES LAND AVAILAB
SUBMARKETS LEASE CORPORATE PARK EXPANSION NEW CONSTRUCTION DEMAND HIGHW
ACCESS GROWTH RENTAL RATES VACANCY INTERNET ABUNDANT PARKING SALES ACTIVITY
SUBMARKETS LEASE TERMS EXPANSION NEW CONSTRUCTION DEMAND POPULATION GRO
RENTAL RATES DEMAND POPULATION GROWTH RENTAL RATES VACANCY INTERNET SALES
AVAILABILITY SUBMARKETS LEASE CORPORATE PARK EXPANSION NEW CONSTRUCTION D
HIGHWAY ACCESS GROWTH RENTAL RATES VACANCY INTERNET ABUNDANT PARKING SALE
SUBMARKETS LEASE TERMS EXPANSION NEW CONSTRUCTION DEMAND POPULATION GRO
RENTAL RATES DEMAND POPULATION GROWTH RENTAL RATES VACANCY INTERNET SALES LAND A
SUBMARKETS LEASE CORPORATE PARK EXPANSION NEW CONSTRUCTION DEMAND HIGHWAY ACCES
RENTAL RATES VACANCY INTERNET ABUNDANT PARKING SALES ACTIVITY SUBMARKETS LEASE TERM
EXPANSION NEW CONSTRUCTION DEMAND POPULATION GROWTH RENTAL RATES DEMAND POPUL
GROWTH RENTAL RATES VACANCY INTERNET SALES LAND AVAILABILITY SUBMARKETS LEASE CORPO
EXPANSION NEW CONSTRUCTION DEMAND HIGHWAY ACCESS GROWTH RENTAL RATES VACANCY IN
ABUNDANT PARKING SALES ACTIVITY SUBMARKETS LEASE TERMS EXPANSION NEW CONSTRUCTION
POPULATION GROWTH RENTAL RATES DEMAND POPULATION GROWTH RENTAL RATES VACANCY INT
SALES LAND AVAILABILITY SUBMARKETS LEASE CORPORATE PARK EXPANSION NEW CONSTRUCTION
HIGHWAY ACCESS GROWTH RENTAL RATES VACANCY INTERNET ABUNDANT PARKING SALES ACTIVIT
SUBMARKETS LEASE TERMS EXPANSION NEW CONSTRUCTION DEMAND POPULATION GROWTH REN
DEMAND POPULATION GROWTH RENTAL RATES VACANCY INTERNET SALES LAND AVAILABILITY SUB
LEASE CORPORATE PARK EXPANSION NEW CONSTRUCTION DEMAND

3. www.CharlestonCommercialMarketForecast.com
Office Market Forecast & Outlook 2014
Terry Ansley, CPM
Broker in Charge
843.884.8166/tansley@landmark-enterprises.com

4. www.CharlestonCommercialMarketForecast.com
Inventory SF
Total 26,283,435
Class A 4,927,822
Class B 13,571,560
Class C 7,784,053
Rate
Overall $17.44
Class A $24.66
Class B $17.28
Class C $ 9.67
Range
Class A $22 - $37
Class B $15 - $21
Class C $9 - $14
Vacancy
Overall 7.9%
Class A 8.9%
Class B 8.9%
Class C 5.4%

5. www.CharlestonCommercialMarketForecast.com
Charleston Submarket

6. www.CharlestonCommercialMarketForecast.com
Active Areas: Downtown
Drivers:
Courthouse
Financial District
Historic District
High Profile
607 Meeting Street
174 Meeting Street
Cigar Factory

7. www.CharlestonCommercialMarketForecast.com
Active Areas: East Cooper
Drivers:
Land Availability
Highway Access
Executive Residence
Abundant Parking
Less Congestion
Gateway Mount Pleasant
Central Island Plaza
BenefitFocus

8. www.CharlestonCommercialMarketForecast.com
Active Areas: North
Charleston
Drivers:
Central Location
Aerospace
Corporate Park
Retail Amenity Base
Faber Plaza
CTAR
College of Charleston

9. www.CharlestonCommercialMarketForecast.com
Active Areas: Summerville
Drivers:
Land Availability
Population Growth
New I-26 Interchange
MeadWestvaco
MWV
SCRA

10. www.CharlestonCommercialMarketForecast.com
Horizon
Outer Ring
New Construction
Gateways
Cycle Sites
Carnes Crossroads
Infill
New Construction
Gateways

11. www.CharlestonCommercialMarketForecast.com
Horizon
Forecast:
Growth Inventory
Rates Firming Up
Positive Absorption
Static Vacancy
Market Challenges:
Preleasing vs. Speculative
Lending Requirements
Land Values/
Building Cost Increases
Delivery at Market Rate

12. www.CharlestonCommercialMarketForecast.com
Let the Good Times Roll………………….