Industrial Insights V2 2023 FINAL - Flipbook - Page 14
CHARLESTON’S RESILIENCE
NO MATTER THE ECONOMY, WAREHOUSING SHINES
Despite the challenges and headwinds, one thing is certain: Charleston is still a coveted
industrial hub. First, robust population growth has created a rapid expansion of the
labor force, ensuring a skilled pool of workers for warehousing needs. Then, we take
a look at location. The Lowcountry is within 2 days driving time to 29 of the 51 largest
metropolitan markets in the U.S., which means Charleston has been landing on retailer
and manufacturer shortlists. These factors have led to a string of economic impact
announcements to the tune of nearly $4B million in recent years. This indicates a high
level of con昀椀dence in the region’s growth potential.
The convergence of industrial growth factors, even in a down economy, underscore
the con昀椀dence institutional-grade investors have in our market. A rapidly expanding
population, a highly skilled labor force, a Top-10 National Port, stalwart automotive/EV
presence, and nonstop economic impact investment sets the stage for Charleston to
remain a powerhouse in regional and global commerce.
INDUSTRIAL LEASES OVER 100,000 SF - YTD
INDUSTRIAL SALES OVER $25,000,000 - YTD
INDUSTRIAL UNDER CONSTRUCTION - 200K SF+
MULTIFAMILY UNDER CONSTRUCTION - 200+ UNITS
MEGA RESIDENTIAL PROJECTS - 2,000+ ROOFTOPS
MAJOR ECONOMIC IMPACT INVESTMENTS - $30M+
PORT TERMINALS WITHIN TOP-10 NATIONAL PORT
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