CHARLESTON, S.C. (WCBD) – Images of a container ship that struck a Baltimore bridge early Tuesday morning, causing the structure to collapse, may hit close to home for people who live and work along the Charleston coast. Charleston Harbor is home to the country’s eighth-largest container port with cargo ships of various sizes passing beneath […]
Some businesses are recognizing that a full-bellied employee can be more productive than one who s going hungry, and they re adding food to the list of perks that workers can take
South Carolina ports have been affected by the COVID-19 pandemic like just about everyone else in the world, but the South Carolina Ports Authority (SCPA) remains optimistic about their overall fiscal health.
It’s no secret that demand for industrial real estate boomed during this first quarter.
But with demand comes increased costs for construction materials, delaying deliveries further and raising construction prices even higher, according to a recent market report from Colliers International.
Compared to the first quarter of last year’s 1.14 million square feet supply in the Greenville-Spartanburg-Anderson industrial market, only 419,000 square feet have been built so far during 2021. More than 3.24 million square feet of it has been absorbed at least 2 million more square feet than during the same period last year.
“Despite new construction deliveries and fluctuations in absorption over the past 13 quarters, the Greenville-Spartanburg vacancy rate remained historically low,” Crystal Baker, Colliers’ research coordinator, said in the report. Down year-over-year, the vacancy rate was 5.8%