Jul
19

Charleston Investment Sales Lagging

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Commercial real estate sales to investors in the Charleston-area market are lagging compared with 2011, according to a report by Colliers International. Thus far, sales in the area have totaled $139 million — about 39% of last year’s totals — and Colliers said there have only been about a dozen significant transactions.

Discouraging to brokers is the lack of sales in office buildings, shopping centers and warehouses. There have been no sales of such properties during the first six months of this year, Colliers said.

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