2016 Commercial Market Forecast | Industrial Update
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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.
2016 Commercial Market Forecast | Industrial Update
- 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