COLLIERS INTERNATIONAL | SOUTH CAROLINA YE-2013 CHARLESTON RETAIL MARKET REPORT

Bluffton Commons Publix

COLLIERS INTERNATIONAL | SOUTH CAROLINA YE-2013 CHARLESTON RETAIL MARKET REPORT

Below is a download link to my Year End 2013 Market Report.  If you have any questions or want to dig deeper on any topic please Call Me, 843-608-8677, or email me John@JohnOrr.com

COLLIERS INTERNATIONAL | SOUTH CAROLINA
YE-2013 CHARLESTON RETAIL MARKET REPORT

High Occupancy Rates Spur New Construction

Key Takeaways
·         King Street continued to excel with new retail tenants including C Wonder, H&M and Madewell opening stores in downtown Charleston.
·         Increased demand for retail space spurred new construction and redevelopments throughout the Charleston region.
·         Average asking rental rates continued to rise for shop space on King Street and in high growth suburban areas.
·         Suburban submarkets encountered the “Grocery Wars” as Piggly Wiggly stores sold and reopened as Bi-Lo or Harris Teeter.

Fourth Quarter 2013 Recap
The Charleston retail market continued to improve since mid-year 2013 with increased occupancy rates and