Strong Demand Will Absorb New Construction
Key Takeaways Due to high demand, absorption will continue to be positive; however, due to new construction growth, the vacancy rate is expected to rise in the next few quarters. Charleston overall market rental rates are higher relative to the last quarter and are expected to rise as new office construction is completed. As the…
Resurgence in Office Leasing: Breakout Economic Growth Forecasts Higher Rates of Net Absorption
The U.S. office market posted solid net absorption levels in the second and third quarters of 2018 of 18.0 million and 11.0 million square feet, respectively. This level of new leasing is likely due to higher-than-expected economic growth and the subsequent demand brought about by jobs created in the office-using sectors. This increase in demand…
Colliers International Brings Downtown Greenville Office Building to 100% Capacity
With arrival of The Harpe Agency, 105 N. Spring Street is now one of the only downtown office buildings to be fully occupied. Brantley Anderson and Taylor Allen, Brokerage Associates with Colliers International | South Carolina, represented the landlord, HTI Properties, LLC, in leasing the final suite at 105 N. Spring Street. The Harpe Agency,…
Clayton Properties Group Acquires Mungo Homes
Founded in 1954 by Michael J. Mungo in Columbia, S.C., the multigenerational, previously family-owned and operated homebuilder is now led by CEO Steven Mungo. An award-winning builder, Mungo first expanded outside of the Columbia, S.C., market in 2003 to Charleston, S.C. Mungo now builds homes in eight markets throughout South Carolina, North Carolina, Georgia and…
Colliers International Announces Recent Transactions and Investments in South Carolina
Colliers International | South Carolina recently announced the following select recently completed commercial real estate transactions from our offices across the state: Columbia, SC Henry Roe and Allen Wilkerson represented Albany Road Real Estate Partners – 1333 Main LLC. in the lease renewal of Granger Owings at 1333 Main Street. J.P. Scurry, CCIM and Scottie…
Colliers International to Represent Courtland Development in Leasing of New Building at Ft. Prince Commerce Center in Spartanburg
Dallas-based Courtland Development breaks ground on speculative building for lease along Spartanburg’s I-85 corridor. More than 100 acres of land on Fort Prince Road in Spartanburg has been purchased and will be the future site of industrial development, Ft. Prince Commerce Center, within the year. Ft. Prince Commerce Center will consist of two development sites…
Colliers International Relocates New Commercial Real Estate Office to Downtown Spartanburg
Downtown Spartanburg has seen an influx of new tenants this year, and Colliers’ Spartanburg team of brokers will be the latest to join this trend in mid-November. Passersby will soon notice the blue Colliers sign being installed on the corner of Main and Wall Street, with increased traffic to the building predicted to follow shortly…
A Guide to the Impact of the Mid-Term Elections on Commercial Real Estate
At GroundBreak Carolinas, we are committed to providing the best insight and perspectives on the design, construction and commercial real estate industries in the Carolinas. Commercial real estate firm Jones Lang Lasalle recently released a report on the implications of the mid-term elections on the commercial real estate industry. As a result of the U.S….
Armada Hoffler Properties Announces Investment in New Development Project in Charleston, SC
Armada Hoffler Properties, Inc. (NYSE: AHH) announced today that it will invest in Nexton Square, a new open-air lifestyle center currently under construction in Summerville, South Carolina. Located at the entrance to a new 4,500 acre master-planned community, Nexton Square will serve as the retail gateway to over 10,000 new single-family and multifamily residential units…
Spectrum Cos. Partners with Invesco Real Estate for Charlotte Mixed-use Project
The Spectrum Companies announced its partnership with an institutional client of Invesco Real Estate, a global real estate investment manager, for the development of a mixed-use project including office, retail and a hotel on a prime 5-acre tract linking Charlotte’s South End with its Uptown business district. Located on South Tryon Street at Carson Boulevard,…
