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2021 Q3 Industrial Charleston Report

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Charleston ports attract shipping amidst nationwide supply chain problems


Key Takeaways

  • By mid-November CMA CGM will temporarily replace Savannah port calls with calls at the Charleston ports  
  • Rental rates continue to rise quarter-over-quarter
  • There are currently 6.7 million square feet of industrial buildings under construction in Charleston

It is no secret that the South Carolina ports are driving industrial activity to record-breaking levels and boosting demand throughout the entire logistics pipeline.  Coastal ports volume increased to 205,000 twenty-foot equivalent units during September, up 5% over the previous year. During the fiscal year 2022, the volume is up 18% over 2021 and is expected to continue increasing. Fortunately, the Charleston harbor deepening project will be completed by the end of next year making it the deepest harbor on the U.S. East Coast and able to operate 24 hours a day.  This will allow for large container ships loaded and unloaded more quickly and at a higher frequency.  

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2021 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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Chloe Heiligenstein

Brokerage Associate

Charleston

As a Brokerage Associate on the industrial team, 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.

The most rewarding part of my job is helping clients find real estate solutions for their business operations and finding the best location for them.

Since our team specializes in industrial properties, we have the opportunity to help our clients solve their challenges in logistics, e-commerce and the supply chain process.

I love the entrepreneurial aspect of commercial real estate as well as the meaningful relationships you can foster long-term.

Clients come to our team because of our market knowledge and specialization in industrial spaces. We think outside of the box and can offer a network to help all parties throughout a transaction. Continuous communication is key to maintaining solid relationships with clients and I always approach each project we work with energy and enthusiasm.

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