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2019 Q2 Charleston Retail Report

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Charleston retailers finding their niche

Key Takeaways

  • New suburban retail construction is expected to deliver before the end of this year.
  • A variety of retail trends are transpiring within the Charleston market as retailers attempt to find the right location to better reach and serve their target clients.

A variety of retail trends engulf the Charleston market

Several retail trends are occurring within the Charleston market as retailers attempt to find the proper area to operate to better serve and reach their target clients. Locally-owned restaurants are thriving on the peninsula because of the unique atmosphere they create for the customer experience; as well as the draw created based on their specific cuisines. In addition, most of the new peninsula developments are focused on mixed-use retail.

Meanwhile, chain restaurants are successfully operating within the suburban Charleston submarkets. Trendy bars and craft breweries find success and lower rental rates by locating within northern King Street locations. Big box retail, grocery stores and vacant mall spaces are being absorbed by gyms and furniture stores that can use the large spaces for equipment and showroom space. The tapestry of the Charleston retail market will continue to change as retailers discover their specific niche locations.

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2019 Q2 Charleston Retail Report

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Crystal Baker

Research Manager | South Carolina

Columbia

I am responsible for the collection of market data and the interpretation and reporting of key research insights for the state of South Carolina. I produce and distribute approximately 65 market reports per year for various property types including office, industrial, retail, multifamily, hotel, construction and parking. I manage research interns who collect the data for market reports and other projects. I am responsible for coordinating with regional and national researchers to produce branded thought leadership content. I am also involved in on-demand research projects for brokers and their clients as well as research initiatives related to the expansion of Colliers’ corporate services and advisory offerings across South Carolina. I strive to be an asset by providing the highest level of market intelligence. 

My experience in commercial real estate administration gives me a deeper understanding of the terminology and real estate processes, allowing me to provide the highest quality of research services to Colliers’ clients.

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