2016 commercial market forecast | retail update
Post on 21-Jan-2018
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www.CharlestonCommercialMarketForecast.com
RETAIL REPORT
Elyse Welch, CCIM
www.CharlestonCommercialMarketForecast.com
Elyse Welch, CCIMBrokerage Associate | Retail Services Group
Colliers International
elyse.welch@colliers.com
Dir: +1 843 720 7508
www.CharlestonCommercialMarketForecast.com
www.CharlestonCommercialMarketForecast.com
• Long term commitment
by international
companies
Why the Boom in
Charleston Retail
• Stable job growth
• Retail follows rooftops
www.CharlestonCommercialMarketForecast.com
Charleston, SC Retail Submarkets
Highest Rental Rates by Submarket
Average Asking Rental Rates
Suburban Shop Space (NNN)
www.CharlestonCommercialMarketForecast.com
www.CharlestonCommercialMarketForecast.com
King Street - Record high rates on Middle King have increased demand
for soft goods retail space on Upper King
www.CharlestonCommercialMarketForecast.com
Downtown CharlestonComplex Infill Mixed-Use projects will increase population density
downtown
930 NOMO WestEdge
East Central Lofts
Bi-Lo
?
www.CharlestonCommercialMarketForecast.com
Suburban CharlestonEast Cooper – No Vacancy, New Product Needed
Mount Pleasant Towne Centre
Bowman Place
Indigo Square
www.CharlestonCommercialMarketForecast.com
Suburban CharlestonWest Ashley – Push to Revitalize
Westwood Plaza
Ashley Oaks
www.CharlestonCommercialMarketForecast.com
Suburban CharlestonSummerville – Charleston’s Inland Growth Path
New to Market
Tenants
www.CharlestonCommercialMarketForecast.com
Investment in CharlestonActive 2016 in Investment Sales
North Pointe Plaza
West Ashley Shoppes
www.CharlestonCommercialMarketForecast.com
Continued core growth across the board
National tenants executing leases
Complex infill projects and investment capital gain momentum
www.CharlestonCommercialMarketForecast.com
Elyse Welch, CCIMBrokerage Associate | Retail Services Group
Colliers International
elyse.welch@colliers.com
Dir: +1 843 720 7508
@CoastalRetailCharleston
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