Archive for June, 2020

Jun
17

New Greenville Industrial Park Planned

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sudlerThe Sudler Companies, a New Jersey based Real Estate Development firm is introducing Fox Hill Business Park, the newest Class A business park in Greenville, South Carolina. The park will serve as the best in class industrial real estate center in Upstate S.C., strengthening the established mix of manufacturing, warehousing, and distribution operations. Immediate interstate access, availability of all utilities and a strong and skilled workforce will create an attractive opportunity for companies either expanding an existing business or establishing a new presence in the business-friendly market of Upstate, South Carolina. Fox Hill Business Park, at 172 acres, is positioned to accommodate multiple buildings with a wide variety of configurations to meet both distribution and manufacturing needs.

The park will break ground with a ±206,410 SF spec building situated at its entrance. The new Class A building will feature 32′ clear ceiling heights, concrete construction, additional trailer parking, and ample car parking for employees. These components paired with interstate accessibility and a robust labor force make it an ideal site for a multitude of users. Given today’s business climate, quality of buildings is imperative when it comes to how tenants operate in the buildings as well as overall employee satisfaction.

Categories : Greenville
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Jun
17

Gap in Buyer, Owner Expectations in Pricing Continues

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gapWhile commercial property prices have not yet had a major decline in connection with the corona virus pandemic, the gap between buyers’ and owners’ expectations on price has widened, Real Capital Analytics Senior Vice President Jim Costello wrote in an RCA Insights blog post.

Researchers at the MIT Center for Real Estate Price Dynamics Platform analyzed the disconnect and found that the gap is growing, especially in the retail and office sectors, Costello wrote.

If owners tried to make up the recent decline in deal volume by cutting prices, the MIT researchers found, they would have to reduce office prices by 12% and apartment prices by 8%, Costello wrote.

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Categories : Uncategorized
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Jun
16

What to Know About Parking Ratios

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thinkstock_parking_lot-100597245-largeYour office can only hold as many people as can get there. Given that, according to the 2017 American Community Survey, 76.4 percent of them drive themselves there, it’s more accurate to say that your office can only hold as many people as can drive — and park — there. With this in mind, your building’s parking ratio has a huge impact on how well you can accommodate your workforce.

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Categories : Uncategorized
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Jun
16

Lexington County Reassessment Notices Coming

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tax appeal approved thinI have been told that the revaluation notices from Lexington County are set to be mailed in late July. Please keep me in mind if you need someone to review your notice on your commercial property.

Michael Dodds, MAI, CCIM

Categories : property taxes
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