2016 Commercial Market Forecast | Retail Update
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The Retail Market update from Elyse Welch, CCIM with Colliers International 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 | Retail Update
- 2. www.CharlestonCommercialMarketForecast.com Elyse Welch, CCIM Brokerage Associate | Retail Services Group Colliers International elyse.welch@colliers.com Dir: +1 843 720 7508
- 4. www.CharlestonCommercialMarketForecast.com Long term commitment by international companies Why the Boom in Charleston Retail Stable job growth Retail follows rooftops
- 5. www.CharlestonCommercialMarketForecast.com Charleston, SC Retail Submarkets Highest Rental Rates by Submarket Average Asking Rental Rates Suburban Shop Space (NNN)
- 7. www.CharlestonCommercialMarketForecast.com King Street - Record high rates on Middle King have increased demand for soft goods retail space on Upper King
- 8. www.CharlestonCommercialMarketForecast.com Downtown Charleston Complex Infill Mixed-Use projects will increase population density downtown 930 NOMO WestEdge East Central Lofts Bi-Lo ?
- 9. www.CharlestonCommercialMarketForecast.com Suburban Charleston East Cooper No Vacancy, New Product Needed Mount Pleasant Towne Centre Bowman Place Indigo Square
- 10. www.CharlestonCommercialMarketForecast.com Suburban Charleston West Ashley Push to Revitalize Westwood Plaza Ashley Oaks
- 11. www.CharlestonCommercialMarketForecast.com Suburban Charleston Summerville Charlestons Inland Growth Path New to Market Tenants
- 12. www.CharlestonCommercialMarketForecast.com Investment in Charleston Active 2016 in Investment Sales North Pointe Plaza West Ashley Shoppes
- 13. www.CharlestonCommercialMarketForecast.com Continued core growth across the board National tenants executing leases Complex infill projects and investment capital gain momentum
- 14. www.CharlestonCommercialMarketForecast.com Elyse Welch, CCIM Brokerage Associate | Retail Services Group Colliers International elyse.welch@colliers.com Dir: +1 843 720 7508 @CoastalRetailCharleston
Editor's Notes
- #4: Accolades continue to roll in for the Holy City
- #5: Boeing, Mercedes Benz Vans, Volvo Cars all making long term commitments to the area; highlight other accolades from CRDA -Civilian labor force grew 4.5x faster than the U.S. average from 2010-2015 (US Bureau of Labor Statistics) -35 new residents added each day (US Census Bureau)
- #6: In the last 10 years, rates have doubled, even tripled in some cases
- #7: Socioeconomic start of student 200/bedroom/month (5 million+ visitors annually; 3.7billion annual econ. impact (office of tourism analysis, school of business @ CofC)
- #8: Dine & Design District; Tenant logos on Upper King West Elm, Ro Sham Beaux, Starbucks
- #11: Images of new whole foods, ashley oaks and westwood plaza (both our listings)
- #12: Nexton 13000 units; Cane Bay 10000 units; Carnes Crossing 6,000 units; New to market tenants had best opening sales for franchises
- #13: Nexton 13000 units; Cane Bay 10000 units; Carnes Crossing 6,000 units; New to market tenants had best opening sales for franchises