SC occupies a geostrategic position, bordering North Carolina, Georgia, and the Atlantic Ocean. It also has access to the Savannah River. In terms of economy, the state supports the development of a range of industries - agriculture, trade and transportation, machinery production, automotive products manufacturing, aerospace, leisure, hospitality, and tourism. In general, more than 83% of enterprises, established in the commercial real estate market in South Carolina, operate in the service sector. According to the latest surveys, the demand for office and distribution space is the major driver of the commercial real estate stock in South Carolina. These two sectors continue to work on the delivery of speculative developments, primarily across areas like Columbia(the capital city of the state), Charleston(its largest city), and the Greenville-Anderson-Mauldin metropolitan zone. Analysts and experts note that the area around the Greenville-Spartanburg International Airport also receives a pretty good share of demand for commercial property for rent in South Carolina. The construction costs in the state are indeed high, which puts some uncertainty regarding projects that are about to start. There is a relation between construction prices and rental rates. Thus, Charleston City already boasts record high prices for commercial property for lease in South Carolina, while the vacancy rates are record low. Premises of office type are leased for more than $20 per sq.ft. per year there. Mix-use projects are popular among tenants in the state too. Comprising different types of premises, both commercial and residential ones under one roof, they cater to a vast target audience at once. Coworking has become a popular option in the commercial real estate market of the region, while multiple small businesses prefer to share space and amenities. Such suites work as a way to entice employees into tight and professional business communities. View through the commercial real estate listings in South Carolina available on our website. Pick up the right solution and contact the landlord directly to put additional questions about the property or sign a deal.
