Jul
29

Colliers Releases Charleston Retail Report

By

Colliers International | South Carolina released their MY-2013 Charleston Retail Market Report.

KEY TAKEAWAYS

  • Charleston’s King Street, a nationally ranked top shopping destination, continued to attract new retailers and restaurants including H&M and Lush Cosmetics, in addition to several new culinary hot spots.
  • Increased activity in retail development and redevelopment has occurred as occupancy rates trended upward over the past year.
  • Steady job creation and improved market conditions in the commercial office and industrial sectors contributed to the rise in retail occupancy rates.
  • More retail to come: As proposed multi-use developments come online, they will bring complimentary shop space on the ground floors of apartment and office buildings in addition to dining options.
  • Increased activity from grocers exploring the market to identify potential sites in growth opportunity submarkets.
  • Let’s go Krogering. Kroger’s recent purchase of Harris Teeter could affect seven locations in Charleston.

Click HERE to download the report.

Be Sociable, Share!
    Categories : Charleston

    Comments are closed.