Charleston, South Carolina: A Premier Destination for Commercial Real Estate

Introduction

Charleston, South Carolina, is a burgeoning hub for commercial real estate (CRE) investment, offering a vibrant economy and strategic location that attract a diverse range of industries. Known for its historical charm and bustling port, Charleston boasts a growing population of over 150,000 and serves as a key player in sectors such as aerospace, technology, and logistics. Its unique positioning on the southeastern coast makes it a prime location for CRE professionals seeking dynamic opportunities in office, industrial, and retail spaces.

Economic and Industry Overview

Charleston's economy is driven by several key industries, notably aerospace, biotechnology, and logistics. The presence of Boeing and other aerospace companies fuels demand for industrial and office spaces. The Charleston Regional Development Alliance actively promotes economic growth, emphasizing the expansion of the tech and biotech sectors, further increasing the need for innovative office and lab spaces.

• Aerospace: Home to major players like Boeing, driving industrial space demand.
• Technology and Biotech: Emerging clusters increase requirements for specialized office and lab facilities.
• Logistics: Proximity to the Port of Charleston enhances the need for warehouse and distribution centers.

For more information, visit the Charleston Regional Development Alliance.

Strategic Location and Transportation Infrastructure

Charleston's strategic location provides significant logistical advantages. The city is served by major highways such as I-26 and I-526, facilitating easy access to regional markets. The Port of Charleston is one of the busiest ports on the East Coast, essential for international trade. Charleston International Airport, located just 12 miles from downtown, offers further connectivity.

• Highways: I-26 and I-526 enhance regional connectivity.
• Port of Charleston: A vital asset for international trade and logistics.
• Airport: Charleston International Airport serves as a major transit hub.

Check out the South Carolina Department of Transportation for more details.

Commercial Real Estate Inventory & Zoning

Charleston's CRE market is divided into several submarkets, including the Central Business District (CBD), industrial corridors, and emerging innovation districts. The city offers a variety of asset classes:

• Industrial: Concentrated around the port and airport for logistics and manufacturing.
• Office: Found primarily in the CBD and tech districts.
• Retail: Scattered across urban and suburban areas, catering to a diverse consumer base.

Recent zoning changes have introduced incentives for mixed-use developments and innovation zones. Explore Charleston's Zoning Maps and Parcel Viewer for more information.

Major Employers and Institutions

Charleston hosts a range of top employers and institutions that bolster CRE demand. Notable entities include:

• Boeing: A significant aerospace presence.
• Medical University of South Carolina (MUSC): A major driver of medical and research facilities.
• Charleston Air Force Base: Influences demand for office and industrial spaces.

Visit the Charleston County Economic Development for more insights.

Notable Commercial Developments & Projects

Charleston is home to several large-scale development projects, such as the Charleston Innovation District, focusing on tech and biotech industries. Public-private partnerships and designated Opportunity Zones offer additional incentives for developers.

For planning and site maps, refer to the City of Charleston Planning Department.

Building Permits, Planning, and Development Tools

Access essential development tools and resources:

• Charleston Building and Safety Department
• Permitting Portal
• Parcel Map Viewer / GIS
• Planning Commission
• Development Code

Market Data & Economic Reports

Explore public data sets and economic impact reports to stay informed:

• Visit census.gov for demographic data.
• Charleston's Open Data Portal offers detailed economic insights.

Brevitas leverages AI-powered aggregation from public data and internal insights. Explore Brevitas-powered dashboards for Charleston here.

Why Use Brevitas for Charleston, South Carolina CRE?

Brevitas offers an unparalleled platform for CRE discovery in Charleston, South Carolina, featuring:

• AI-Driven Discovery: Tailored property searches.
• Real-Time Market Alerts: Stay updated with the latest listings.
• Smart Property Pages: Comprehensive property insights.
• Dealroom Collaboration: Seamless communication with stakeholders.

Brevitas provides unique features like:

• Auto-generated listing pages
• Email and landing page tools
• Broker and developer integration
• Exclusive listings with premium exposure

Discover the Brevitas advantage for Charleston's CRE market today.