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2019 Q3 Industrial Charleston Report

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Awaiting construction completions, few spaces are available

Key Takeaways

  • Until new construction is delivered to the market, there are few available space options; the overall vacancy rate dropped to 7.57% this quarter.
  • The Charleston market absorbed 180,005 square feet during the third quarter of 2019; the positive absorption was within the warehouse sector of the industrial market.
  • Robotics are shifting much of the industrial workforce from physical labor to technology and automation-based training in order to remain efficient.

Robotics have changed the nature of warehousing and manufacturing

The nature of warehouse and manufacturing employment training has changed drastically over the last ten years. The knowledge areas have shifted from heavy manual labor and mechanical skills to technology-based knowledge. It is necessary to attract employees with the appropriate knowledge in order to run a business efficiently. Another way warehouse and manufacturing has changed over the years is the addition of robotics in order to minimize mistakes and automate some aspects of production. Robotics do not have to look like the traditional image of complex, human-like robots. According to Conveyco.com, listed below are several types of robotics in use everyday.

  

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2019 Q3 Industrial Charleston Report

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Related Experts

Mark Erickson

Vice President

Charleston

I provide both tenant and landlord representation for clients in the sale, leasing and disposition of industrial properties across Charleston and the Lowcountry region of South Carolina. Whether I am negotiating critical terms in a lease for a tenant or consulting an owner or landlord in the sale or leasing of their space, my role is to meet my client’s real estate and financial goals, both for today and into the future.

Charleston is a small but powerful and unique market, and I pride myself in connecting people and identifying opportunities that others might miss. My goal is to maximize value for my clients, whatever you value most from your real estate, and to exceed your expectations.

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Matt Pickard

Senior Brokerage Associate

Charleston

I focus on site development as well as both landlord and tenant representation for industrial properties throughout the Charleston, SC region and throughout South Carolina. I have established myself in the market by forming key relationships in various industry sectors and learning the market drivers that impact end users. 

I work with clients to coach them on site development by providing creative solutions to overcome issues such as zoning, wetlands, access and utilities.  I have also worked closely with the South Carolina Ports Authority to better understand the full supply chain lifecycle to better serve our clients in their search for industrial space.

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