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2020 Q4 Industrial Charleston Report

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Land deals expected due to industrial demand

Key Takeaways

  • Charleston developers search for land sites to acquire new industrial properties; buildings delivering in the next 12-18 months are expected to be absorbed quickly. 
  • There are 1.12 million square feet of industrial construction in the Charleston pipeline.
  • Increased port capabilities and positive business climate provide attractive opportunities for business expansion and development.

Charleston scrambles for land sites

Charleston continues to attract out-of-market businesses due to ongoing success of the ports and convenient logistics throughout South Carolina. Due to an uptick in home improvements during the pandemic, home goods, furniture and home improvement businesses are thriving and looking to expand or find new space. In addition, developers are in search of land deals throughout the region. Berkeley County has not rezoned much of the available land; therefore, many new interested developers are searching in Dorchester County. Several of the new deals are enhancing the e-commerce and cold storage sector of industrial activity. Projects that went dormant at the beginning of the pandemic are ramping back up now and property that has been void of activity for a while is primed to be purchased. Despite a high level of construction in process, demand will nearly absorb all of the speculative space as it is delivered to the market in the next 12-18 months. Charleston is on target for an active year of new development and business growth.

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2020 Q4 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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