Sep
09

Charleston Industrial Market Tightens

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As some speculative construction comes online in the market, demand exists for more to be built to keep pace with industry needs, according to several commercial real estate firms.

“Charleston activity and interest is clearly on the increase and outperforming the national economy. … Speculative building is seeing renewed signs of life with two projects under consideration,” according to Cushman & Wakefield Thalhimer’s second-quarter industrial report.

The first half of 2014 saw a resurgence in activity for the industrial warehouse sector. Increasing business at the Port of Charleston and from Boeing South Carolina is attracting more suppliers, manufacturers, warehousing operations and logistics firms to the region, which puts pressure on industrial inventory, the firms said.

An increase in port traffic and the refrigerated cargo segment spurred setup or expansion of operations in Charleston by Lineage Logistics, Agro Merchants Group and New Orleans Cold Storage, all cold-storage facilities.

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