Industrial Market

DEMAND FOR INDUSTrIAL SPACE IS HIGHER THAN EVER

The improvements over the years to the Port of Charleston have proved effective and the latest completion of the 52-feet deep channel will make the port more competitive. This aligns with the continuing growth of major companies moving into Charleston such as Redwood Materials who recently announced a development of a 600-acre plant in Camp Hall. Additionally, 2023 is expecting about 11.38 million SF of new industrial space to be delivered, mostly in Berkeley County. 837,200 SF of new class-A space at Trade Park East was recently completed and sold for $101.5 million, another testament to the competitive market.
*Statistics Below represent Building over 1,000 SF, not including under construction.

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