Colliers Report: Industrial demand is unparalleled throughout South Carolina
February 8, 2022
Commercial Real Estate Research & Forecast Report
Q4 2021 South Carolina Industrial
Market Highlights
An unprecedented need for industrial space throughout South Carolina is escalating speed-to-market delivery time. To secure space, tenants are signing leases in advance for buildings that are still under construction. When this wave of 10 million square feet of buildings is completed, another will follow to keep pace with ongoing demand. This year South Carolina absorbed 23 million square feet and 11.3 million square feet were delivered. Despite the addition to the overall inventory, the vacancy rate decreased to 4.56%.
Click here to read the full report.
Key Takeaways
- This year South Carolina absorbed 23 million square feet of industrial space
- Despite the addition of 11.3 million square feet to the overall inventory, the vacancy rate decreased to 4.56
Forecast
Strong logistics, an improving infrastructure, low unemployment, and a growing population will attract interest and heighten long-term growth, further boosting the South Carolina industrial market activity throughout 2022
