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www.CharlestonCommercialMarketForecast.co m INDUSTRIAL REPORT Todd P. Garrett, SIOR, CCIM

2016 Commercial Market Forecast | Industrial Update

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www.CharlestonCommercialMarketForecast.com

INDUSTRIAL REPORTTodd P. Garrett, SIOR, CCIM

www.CharlestonCommercialMarketForecast.com

INDUSTRIAL MARKET

C H A R L E S T O N

www.CharlestonCommercialMarketForecast.com

I N D U S T R I A L M A R K E T OVERVIEW

Macro Forces at Work | Pros & Cons

Today’s Market – Inventory, Vacancy and Rents

Shift in Market Center, Product Type & Investors

www.CharlestonCommercialMarketForecast.com

I N D U S T R I A L M A R K E T O V E R V I E W PROS

PORTS

RAIL

AEROSPACE/

AUTOMOTIVE

BUSINESS ENVIRONME

NT

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WORKFORCE

COST OF LIVING TRAFFIC

I N D U S T R I A L M A R K E T O V E R V I E W CONS

www.CharlestonCommercialMarketForecast.com

I N V E N T O R Y – S Q U A R E F E E T STATS

11 12 13 14 15 1Q16 2Q160

10,000,000

20,000,000

30,000,000

40,000,000

50,000,000

60,000,000

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V A C A N C Y R A T E S STATS

11 12 13 14 15 1Q16 2Q160.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

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N N N A S K I N G R E N T S STATS

11 12 13 14 15 1Q16 2Q16 $-

$1.00

$2.00

$3.00

$4.00

$5.00

$6.00

V A C A N C Y

13.0 %R E N T

$4.50

V A C A N C Y

3.8%R E N T

$11.50V A C A N C Y

14.6 %R E N T

$5.36

V A C A N C Y

8.3 %R E N T

$5.17

V A C A N C Y

5.6 %R E N T

$4.50

V A C A N C Y

0.4 %R E N T

$13.89V A C A N C Y

5.8%R E N T

$10.00

V A C A N C Y

1.9 %R E N T

$7.70

Outlying Berkeley County

East Cooper/Clements Ferry

West Islands

Dorchester County

Greater Charleston

East Islands/Mount Pleasant

James Island/Folly Beach

West Charleston County

North Charleston

Downtown Charleston

www.CharlestonCommercialMarketForecast.com

I N D U S T R I A L B U I L D I N G CLASS

ATLAS COMMERCE CENTER

C L A S S

A

C L A S S

C3450 BUFFALO AVENUE

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I N D U S T R I A L INSTITUTIONAL INVESTORS

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S O U T H C A R O L I N A M A R K E TOVERVIEW

Market Size (sf)

Total Sold (sf)

% of Total Transacted

Sales Volume

Price Per SF

C H A R L E S TO N

55,361,829 sf

2,312,081 sf

4.18 %

$147,488,034

$64/psf

G R E E N V I L LE

172,492,431 sf

4,508,751 sf

2.61 %

$153,288,410

$34/psf

S AVA N N A H

54,176,197 sf

1,244,762 sf

2.298 %

$65,585,000

$53/psf

www.CharlestonCommercialMarketForecast.com

I N D U S T R I A L M A R K E T TAKEAWAYS

Market is Bigger & Stronger

Lease Rates & Sale Prices at Highest

Shift in Market Center, Product Type & Investors