The Industrial Market update from Todd Garrett, SIOR, CCIM with Avison Young from the 2016 Charleston Commercial Market Forecast, hosted by the Charleston Association of Realtors' Commercial Investment Division in Charleston, South Carolina on September 22, 2016.

1. www.CharlestonCommercialMarketForecast.com
INDUSTRIAL REPORT
Todd P. Garrett, SIOR, CCIM

2. www.CharlestonCommercialMarketForecast.com
INDUSTRIAL
MARKET
C H A R L E S T O N

3. www.CharlestonCommercialMarketForecast.com
I N D U S T R I A L M A R K E T
OVERVIEW
Macro Forces at Work | Pros & Cons
Today’s Market – Inventory, Vacancy and Rents
Shift in Market Center, Product Type & Investors

4. www.CharlestonCommercialMarketForecast.com
I N D U S T R I A L M A R K E T O V E R V I E W
PROS
PORTS RAIL
AEROSPACE/
AUTOMOTIVE
BUSINESS
ENVIRONMENT

5. www.CharlestonCommercialMarketForecast.com
WORKFORCE
COST OF
LIVING TRAFFIC
I N D U S T R I A L M A R K E T O V E R V I E W
CONS

6. www.CharlestonCommercialMarketForecast.com
I N V E N T O R Y – S Q U A R E F E E T
STATS
0
10,000,000
20,000,000
30,000,000
40,000,000
50,000,000
60,000,000
11 12 13 14 15 1Q16 2Q16

7. www.CharlestonCommercialMarketForecast.com
V A C A N C Y R A T E S
STATS
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
11 12 13 14 15 1Q16 2Q16

8. www.CharlestonCommercialMarketForecast.com
N N N A S K I N G R E N T S
STATS
$-
$1.00
$2.00
$3.00
$4.00
$5.00
$6.00
11 12 13 14 15 1Q16 2Q16

9. V A C A N C Y
13.0 %
R E N T
$4.50
V A C A N C Y
3.8%
R E N T
$11.50
V A C A N C Y
14.6 %
R E N T
$5.36
V A C A N C Y
8.3 %
R E N T
$5.17
V A C A N C Y
5.6 %
R E N T
$4.50
V A C A N C Y
0.4 %
R E N T
$13.89
V A C A N C Y
5.8%
R E N T
$10.00
V A C A N C Y
1.9 %
R E N T
$7.70

10. Outlying Berkeley County
East Cooper/Clements Ferry
West Islands
Dorchester County
Greater Charleston
East Islands/Mount Pleasant
James Island/Folly Beach
West Charleston County
North Charleston
Downtown Charleston

11. www.CharlestonCommercialMarketForecast.com
I N D U S T R I A L B U I L D I N G
CLASS
ATLAS COMMERCE CENTER
C L A S S
A
C L A S S
C
3450 BUFFALO AVENUE

12. www.CharlestonCommercialMarketForecast.com
I N D U S T R I A L
INSTITUTIONAL INVESTORS

13. www.CharlestonCommercialMarketForecast.com
S O U T H C A R O L I N A M A R K E T
OVERVIEW
Market Size (sf)
Total Sold (sf)
% of Total Transacted
Sales Volume
Price Per SF
C H A R L E S TO N
55,361,829 sf
2,312,081 sf
4.18 %
$147,488,034
$64/psf
G R E E N V I L L E
172,492,431 sf
4,508,751 sf
2.61 %
$153,288,410
$34/psf
S AVA N N A H
54,176,197 sf
1,244,762 sf
2.298 %
$65,585,000
$53/psf

14. www.CharlestonCommercialMarketForecast.com
I N D U S T R I A L M A R K E T
TAKEAWAYS
Market is Bigger & Stronger
Lease Rates & Sale Prices at Highest
Shift in Market Center, Product Type & Investors