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2022 Q1 Retail South Carolina Report

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New retail is necessary throughout South Carolina to meet demand

Key Takeaways

  • An influx of new residents to South Carolina will boost retail demand
  • South Carolina retail vacancy rates have steadily decreased over the past year to 3.24%

South Carolina housing permits rose 27% from February 2022 to March 2022 indicating new residents are moving to the State. Retail growth follows new housing because new residents indicate population growth which, in turn, increases the demand for retail.

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2022 Q1 Retail South Carolina Report

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Related Experts

Rox Pollard

Vice President & Director of Retail Services Team

Columbia

I specialize in the sale, leasing, and development consultation of retail properties across the state.  I manage the Colliers SC Retail Team, which delivers retail brokerage and consultation services to clients through Colliers’ four South Carolina offices. 

I pride myself in my ability to maintain excellent communication with my clients throughout the entire real estate process and even after a transaction is completed.  I find that success in my work is defined by making sure that when it is all said and done my clients had an enjoyable and profitable experience.  I consider my relationship with my clients as a partnership to help them achieve their goals.

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Craig Waites

Managing Director

Columbia

I have been with Colliers since 1995, specializing in site selection, land brokerage and the sale of retail/owner-occupied properties. I have completed over 425 transactions with a cumulative value of $350 million.

My niche and expertise are in land valuation, planning and the entitlement process in order to enhance value for land owners. I have extensive zoning efforts, permitting, consultation and predevelopment issues associated with area muncipalities and the South Carolina Department of Transportation.Transportation.

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Tripp Bradley

Vice President

Columbia

I focus on retail land and site selection brokerage. I assess the needs of my clients, analyze the market for opportunities and guide them through the decision-making process that results in the selection of the best locations for their business. Typically, this requires attention to location, visibility, ingress/egress, pricing, zoning, signage, individual market trends, market footprints and overall feasibility, among many other factors that are important and unique to each client.

My number one priority is delivering the best service to my clients. I pride myself in being an asset in finding a solution to a client’s need and define my own success through the success of my clients.

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Danny Bonds

Senior Brokerage Associate

Columbia

As a Senior Brokerage Associate for Colliers International | South Carolina, I specialize in the leasing of neighborhood shopping centers. I am a member of the Colliers Retail Services Team and am responsible for increasing the Colliers retail portfolio in South Carolina. I strive to always do the best that I can, no matter the size of a deal, and I am motivated to continue to do so by exceeding my clients’ expectations. 

I find that working with retail, a brokerage associate must be knowledgeable in recognizing a client’s needs as well as the trends of the market. I believe that I offer valuable insight into the market, excellent communication and the ability to read situations well.

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Lance Byars

Senior Brokerage Associate

Greenville

As a Brokerage Associate for Colliers International | South Carolina’s office in Greenville, I specialize in retail brokerage, which includes the representation of owners, buyers and tenants in the purchase and leasing of retail space. I am a member of the Retail Services Group, a select group of Colliers Brokerage Associates focused on retail brokerage. I have extensive experience with commercial real estate, specifically in retail leasing and offer development representation for clients and strong leasing support in the retail market. I bring experience, knowledge and a fresh look to retail brokerage that generate positive results for my clients.

The most rewarding part of my job is walking down the street and seeing a retail space that I helped a business get into. Helping a client realize their potential and then exceeding their expectations motivates me every day. My goal is to build long-lasting business relationships with clients based in honesty and hard work. Colliers’ team-based approach to deals is also very beneficial to clients because we can put two or more minds on every deal that we are involved in. We make it our job to put the entire office at the disposal of our clients.

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Scott Burgess

Senior Brokerage Associate

Greenville

I specialize in retail brokerage, which includes the representation of owners, buyers and tenants in purchasing and leasing retail space. I have extensive experience with commercial real estate, financing and redevelopment, as well as banking and marketing, which are invaluable to retail clients. I am an analytical creative thinker who thrives in situations that require innovation. My goal is to build long-term client relationships that are built on trust and ingenuity.

The most rewarding part of my job is being able to find and complete a deal that benefits a client as well as the community. Being from Greenville, I have a deep connection to the area and am very passionate about helping it grow even more. Because so much of our work as Colliers brokers relies on collaboration and teamwork, we can bounce ideas off one another and make sure that nothing is overlooked. This is something that differentiates Colliers from other firms and a major reason I enjoy the work.

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Patrick Nealon

Brokerage Associate

Charleston

I am a Brokerage Associate and part of the Retail Services Team in the Charleston office. I enjoy working in retail real estate because it is ever-changing with technology, e-commerce and last-mile delivery. I am highly motivated, dedicated, high energy, persistent and bring a fresh perspective to the evolving industry. The most rewarding part of my job is helping people find a space that suits their business. It is exciting to me that you never know who you will meet, who you will run into or what will come your way.

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John Gressette

Brokerage Associate

Columbia

As a Brokerage Associate, I work with tenants, landlords, sellers and purchasers to lease, purchase and sell retail properties of all sizes and am responsible for increasing the Colliers retail portfolio in South Carolina. I work closesly with team members Rox Pollard and Danny Bonds and am a member of the Colliers | South Carolina Retail Services Team.

Columbia is primed for economic growth; our team is focused on bringing vital businesses to the area and helping local businesses take advantage of the opportunities here through advanced data analytics and creative solutions.

I am constantly seeking to make new connections and I enjoy meeting new people every day in the commercial real estate business. I enjoy developing strong, lasting relationships that extend far beyond a transaction.

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Greyson Furnas

Brokerage Associate

Spartanburg

I am a Brokerage Associate in Colliers International | South Carolina’s Spartanburg office, specializing in downtown retail and office properties as well as land on both the tenant and landlord side.

Having grown up around real estate as part of the family business and being from the Upstate of South Carolina, my knowledge of this market is strong and has proven to be an asset for my clients over the years.

My understanding and experience working through the financial aspects of the industry also helps me guide clients towards smart business decisions.

I find solving challenges and reaching creative solutions the most rewarding part of brokerage in addition to helping bring new businesses into the upstate and seeing the positive impact they have on the community.

My clients include local and national landlords as well as businesses looking to find their perfect location in the Spartanburg area.

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Lyn Tyner

Brokerage Associate

Greenville

I joined Colliers International in 2001 following a 17-year career as a business owner, property developer and property owner. I provide client-focused real estate solutions for companies ranging from small locally-owned businesses to large corporations and high net worth individuals. My strength is my depth of experience on both ends of the spectrum. I draw on my extensive business and brokerage background to solve complex client assignments and to assist clients with achieving their stated goal, be it an acquisition, a disposition or the repositioning of an asset within the market.

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