Charleston’s industrial growth will likely continue for years

Commercial Real Estate Research & Forecast Report
Q4 2021 Charleston Industrial

Market Highlights

Charleston is readying itself for steady industrial growth in the coming years. Major employers are cognizant of the necessity to locate near industrial hubs that boast a growing population able to provide a viable workforce and local governments that welcome their arrival. Charleston’s economic, cultural, historic and quality of life appeal explains why its population continues to increase exponentially year over year. That fact is substantiated by the 4,900+ multifamily units currently under construction to meet its increasing housing demand. Its logistically convenient location to both state-of-the-art coastal and inland port systems enables ease of distribution to a large portion of the country.

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Key Takeaways

• A growing population, strong logistics and compelling, ever-improving infrastructure will lead to strong ongoing industrial growth in Charleston
• New construction continues to be absorbed quickly and proposed buildings will begin construction expeditiously to meet exploding demand

Summary

Low unemployment, growing population, strong logistics and improving infrastructure will attract interest and continue long-term growth which will fuel the Charleston industrial market.