2016 Commercial Market Forecast | Retail Update

www.CharlestonCommercialMarketForecast.com

RETAIL REPORT

Elyse Welch, CCIM


Elyse Welch, CCIMBrokerage Associate | Retail Services Group

Colliers International

[email protected]

Dir: +1 843 720 7508



• Long term commitment

by international

companies

Why the Boom in

Charleston Retail

• Stable job growth

• Retail follows rooftops


Charleston, SC Retail Submarkets

Highest Rental Rates by Submarket

Average Asking Rental Rates

Suburban Shop Space (NNN)



King Street - Record high rates on Middle King have increased demand

for soft goods retail space on Upper King


Downtown CharlestonComplex Infill Mixed-Use projects will increase population density

downtown

930 NOMO WestEdge

East Central Lofts

Bi-Lo

?


Suburban CharlestonEast Cooper – No Vacancy, New Product Needed

Mount Pleasant Towne Centre

Bowman Place

Indigo Square


Suburban CharlestonWest Ashley – Push to Revitalize

Westwood Plaza

Ashley Oaks


Suburban CharlestonSummerville – Charleston’s Inland Growth Path

New to Market

Tenants


Investment in CharlestonActive 2016 in Investment Sales

North Pointe Plaza

West Ashley Shoppes


Continued core growth across the board

National tenants executing leases

Complex infill projects and investment capital gain momentum


Elyse Welch, CCIMBrokerage Associate | Retail Services Group

Colliers International

[email protected]

Dir: +1 843 720 7508

@CoastalRetailCharleston

Date post:	21-Jan-2018
Category:	Real Estate
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2016 Commercial Market Forecast | Retail Update

Real Estate