Colliers Report: Unprecedented industrial demand continues
November 17, 2021
Commercial Real Estate Research & Forecast Report
Q3 2021 South Carolina Industrial
Market Highlights
Industrial demand in South Carolina is expected to continue at unprecedented levels throughout 2022. Online ordering increased exponentially over the past year, taxing port-related infrastructure to unparalleled levels. CMA CGM has also announced plans to temporarily replace Savannah port calls with Charleston port calls due to unloading delays.
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Key Takeaways
- CMA CGM temporarily rerouting their shipments from Savannah to the Charleston ports will boost container volume and all inland port activity throughout S.C.
Summary
TEU volumes and throughput at the Port of Charleston and inland ports in Greer and Dillon will increase dramatically. While some markets such as Greenville-Spartanburg are seeing an increase in speculative construction (up to 7.1 million square feet) to keep pace with demand, the Columbia market is experiencing roadblocks such as county ownership and site restrictions which present challenges to new construction needed to meet extraordinary demand in 2022.
