2014 Mid-Year Charleston Retail Market Report

National Tenants Compete for Limited Retail Space!

Q2-2014 CHS RETAIL Report TN

Key Takeaways:

  • Market vacancy rate is down to 6.32%. Downtown vacancy rate is just 3.56%. Rental rates averaged $17.72 per square foot for shop space with some tenants seeing rates as high as $77 per square foot in the Downtown submarket.
  • The retail market is becoming a landlord’s market as available retail space runs scarce.
  • The trend of recycling retail space continues. New development activity is picking up.
  • New restaurants make Charleston debut.
  • Job creation is driving the suburban retail market attracting grocers, restaurants and sporting goods stores.

DOWNLOAD LINK – Q2-2014 CHS Retail Market Report

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How and How Much Commercial Real Estate Brokers get PAID

In this week’s Landlord Tips and Tenant Tips we will discuss HOW and HOW MUCH Commercial Real Estate Brokers get paid. Money matters

Thank you all for the great comments last week on Steps to Hiring a Commercial Real Estate Broker; THE Checklist Once you’ve decided to hire a broker (Click here for THE Checklist), and selected one you can hold accountable it’s time to understand how we get paid and when it’s due.

Before we dig into the WHEN, and HOW MUCH know that this is my full time job. I am a professional.  Think of me as a paid consultant like other professionals. Your Doctor, Lawyer, CPA or other service provider. This is how I feed my family. This is my Career. I am paid 100% on commission earnings. I pay my own expenses. There is no bi-weekly paycheck, expense account or company car. I sell my knowledge, expertise and my time to meet your real estate goals.