Speculative development increasing to meet demand
Key Takeaways
- New speculative construction is underway to accommodate demand and is being absorbed quickly
- There are currently 7.1 million square feet of industrial buildings under construction and another 4.95 million proposed to be built
E-commerce orders have increased significantly year-over-year for the last several years and exponentially during the last two. In response to increasing demand throughout South Carolina, an uptick in manufacturing and distribution has become feasible due to ongoing infrastructure improvements, convenient logistics, increased coastal and inland port volume capacity and speed-to-market building deliveries. This unprecedented industrial demand is prompting industrial developers to begin new construction at a rapid pace.
Download the full report
For more information, including the market summary statistics, download the full research report.
Download report