Colliers Report: Logistics, capital investments and new jobs boost South Carolina industrial demand
Commercial Real Estate Research & Forecast Report
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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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
The overall vacancy rate is down to 6.24% this quarter and there are 9 million square feet of industrial construction underway. Despite material delays and rising construction prices, new construction is necessary to keep up with demand.