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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% ....
Gilbane Development Company opens leasing office for “Bixby on College” student housing designed for students attending Clemson University Share Article Gilbane Development Company has opened a leasing office for “Bixby on College” a 383-bed student apartment community located less than a half mile from Clemson University at 405 College Avenue and just a few blocks from downtown Clemson, SC. The project is currently under construction. Bixby on College is scheduled to open for student occupancy in August 2022. A leasing office is now open at 384 College Avenue. Bixby on College, Clemson, SC “We are thrilled to bring this exciting new student community to the students at Clemson University,” noted Gilbane Development Company senior vice president Russell Broderick. ....