Charlestons economy is the strongest it has been in years.
Commercial real estate continues its recovery in the Southeast. Atlanta is hitting on all cylinders and that momentum is spilling over to cities a little further northlike Charleston. Charleston is reporting strong activity in its office and industrial segments. So whats behind it? GlobeSt.com caught up with Mike Ferrer, broker in charge, to get all the details in this exclusive …
Mike Ferrer, CCIM Brokers Leases Totaling More Than 184,000 SF in Charleston
Mike Ferrer, CCIM has arranged seven industrial and office leases totaling 184,769 square feet in metro Charleston. Ferrer represented the landlord in all of the transactions. The details of the transactions are below: L&W Supply signed a 15,000-square-foot lease renewal at 4301 Dorchester Road, an industrial building in North Charleston. Lee Allen of Jones Lang LaSalle represented the tenant. Ferguson …
Charleston's Office Market Enjoys Banner Year in 2014
The Charleston office sector is robust, with movement in virtually every aspect of the market. Tenants have flocked to the city, leaving only a small number of available spaces for those looking to move or expand, particularly into larger spaces. What Renters Want Low vacancy citywide — in the Central Business District (CBD), the vacancy rate is under 5 percent …
Mike Ferrer, CCIM Brokers Lionheart Trucking's Purchase of 4 Acres in Charleston
Mike Ferer, CCIM has brokered Lionheart Trucking’s acquisition of a four-acre site, located at 4350 Piggly Wiggly Drive in North Charleston, South Carolina, for $1.15 million. Mike represented the buyer, and Robert Barrineau Jr. and Brendan Redeyoff of CBRE represented the seller, JLW PW II, LLC. The property includes a small warehouse. Lionheart Trucking plans to use the property as a …
Charleston's Woodstock Industrial Park Fully Leased by Mike Ferrer, CCIM
Woodstock Industrial Park, located near Boeing’s South Carolina facilities, is now fully occupied, thanks to several leases that Mike Ferrer, CCIM recently arranged on behalf of the landlord, ADDCO, LLC. Woodstock I Ferrer arranged Horizon Forrest Products’ 24,000-square-foot lease renewal at Woodstock I Industrial Park, located at 4301 Dorchester Road in North Charleston. Todd Garrett of Avison Young represented the …
Charleston’s commercial real estate market ‘on fire’
RMS Beauty found that its choices were limited when the growing Charleston organic cosmetics firm began looking for new office space with a storage area. Vacancy rates Throughout the Charleston area, the vacancy rate of commercial space stood below 10 percent in all major sectors for the first quarter of 2015, a sign of a healthy market that could lead …