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2021 Q2 Industrial South Carolina Report

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Logistics, capital investments and new jobs boost South Carolina industrial demand

Key Takeaways

  • The overall vacancy rate is down to 6.25%, and there are 9.6 million square feet of industrial construction underway
  • Industrial demand pushed port activity to record levels
  • Rental rates will increase to make new construction feasible

This quarter record-breaking container movements through the coastal and inland ports caused by e-commerce and manufacturing demand, statewide infrastructure improvements, $832 million in capital investments creating 3,960 new jobs are all driving the South Carolina industrial market demand through the roof.  

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2021 Q2 Industrial South Carolina Report

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Related Experts

Chuck Salley

Vice President and Director of Industrial Brokerage Team

Columbia

I have experience in all aspects of industrial brokerage including: leasing, sales, build-to-suit, site acquisition, investment sales, and consulting.  I have been with Colliers since 1981 and have completed over a thousand transactions in my career.  I am an expert in the industrial market and am proud to have represented many national and multi-national companies with their real estate needs in the Columbia market including: Knauf Insulation, United Technologies, Lennox Industries, Howden Buffalo, ESAB, Sony, RNDC, Interstate Reasources, and Mainline Express.  I have also provided valuable consulting work, site acquisition and leasing services for many national developers including: Panatonni Development, Red Rock Developments, Kirco, and Miller Valentine Group.

I am inspired by the drive of my clients and customers to grow their businesses, create jobs and invest in our community.  I enjoy the thrill of taking on the challenge to find real estate solutions for them to help them progress their business goals.  My experience in Columbia gives me a solid platform to deliver solutions that enable these companies to grow.

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John Montgomery

Vice President

Spartanburg

John Montgomery is a Vice President of Colliers International in the Spartanburg office. With his breadth of experience in master-planned communities, retail, residential, commercial and industrial development projects, along with teammates Garrett Scott and Brockton Hall, he guides clients through the development process from inception through lease-up. This team does so successfully not only in the Upstate of South Carolina, but across the Southeast as well.

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Garrett Scott

Vice President

Spartanburg

As a Vice President of Colliers International in the Spartanburg office, Garrett Scott specializes in leasing, sales and development advisory services for industrial properties across the Greenville-Spartanburg market.

 

Along with his experience in both brokerage and development, Scott works with teammates and industrial professionals John Montgomery and Brockton Hall to provide clients a unique perspective for their real estate decisions.

 

Scott’s focus is not just on the transaction, nor on how real estate can save a client money, but how it can make them money by capitalizing on the operational advantages which a building and location can offer. This provides a clearer path to what is truly important in a locational decision.

 

With experience in both brokerage and development with a proven track record of providing innovative solutions to meet corporate objectives, Scott offers an advantage that clients seek out.

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Mark Erickson

Vice President

Charleston

As a Vice President of Colliers International | South Carolina and an industrial and office specialist, I provide both tenant and landlord representation for clients in the sale, leasing and disposition of industrial and office 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.

I initially entered the commercial real estate industry in Atlanta, where I was involved in commercial property management and development for over fifteen years before moving to Charleston. In pursuit of the skills and experience that will most benefit my clients, I have earned the Society of Industrial and Office Realtors® designation, a prestigious industry achievement, and am currently a candidate for my Certified Commercial Investment Member (CCIM) designation.

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Brockton Hall

Vice President

Greenville

Brockton Hall is a Vice President with Colliers International in the Greenville and Spartanburg offices. He is a member of the Upstate industrial team along with long-time real estate professionals, Garrett Scott and John Montgomery. This team specializes in the needs of industrial landlords and occupiers throughout the Southeast. 

Hall comes from a commercial construction background with years of experience in the commercial sector working on projects including K-12, office and institutional. He also has significant renovation and retrofitting experience. His construction background allows him to assist occupiers with their building specifications and advise them during the build-to-suit and new construction process. For developers and investors, he is well-equipped to advise on construction-related issues involved in tenant upfits, value-add projects and new development.

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