Come see us at SIOR Southeastern Regional Conference August 21 – 23!

The Charleston market is exploding with fast growth and population expansion — and for understandable reasons.

A number of surrounding, established towns — as well as new master-planned residential communities — support this growth and provide plenty of room to expand.

 

Four planned residential communities within less than 30 minutes of three top selling planned communities with over 1000 new home sales within the past year.

And, eight of the top 10 selling residential communities within the Charleston MSA (closing in combination over 1000 houses annually) are within a 30-minute drive

 

The average commute within the Charleston MSA is less than 27 minutes.

One major benefit of Camp Hall is its location in relation to the traffic patterns of Interstate 26, allowing employees commuting from residential developments to the south and southeast to drive against the major traffic patterns.

 

The rental apartment market remains strong in the Charleston area, with more than 5,000 units currently under construction in 2019.

Residential building permits continue to increase, with approximately 4,300 new single-family homes sold in the last year.

Housing

  • The number of housing permits in the Charleston Region has increased from 2,949 permits in 2009 to 7,267 permits in 2017

    https://www.charlestonregionaldata.com
  • Nexton is a 4,500 mixed-use development with a planned 6,500 homes just 10 minutes from Camp Hall. It already has several hundred homes, as well as hotels, office buildings, recreation space, walking paths, an elementary school and a grocery story.

    https://www.postandcourier.com

Commerce

  • Nexton Square, a 140,000-sq-foot retail complex with high-end steakhouse, trendy restaurants and up to 20 other businesses, is under development with a planned Summer 2019 opening.

    https://www.postandcourier.com
  • North Creek shopping center is under development adjacent to Nexton and Cane Bay planned communities and includes plans for a supermarket, retailers, restaurants and service station.

    https://www.postandcourier.com

Industrial

  • Developers completed 6.3 million square feet of new industrial space in 2018 and another 2.3 million square feet is expected to be built this year. 

    https://www.postandcourier.com

Population

  • The Charleston region has the 16th best economy in the nation, and strong population increases will support future growth, according to Milken Institute (Jan. 2019). Some 23 newcomers move to the region each day.

    https://www.postandcourier.com
  • The Charleston regional labor force has grown 10.1%, 2012-2017.

    https://www.charlestonregionaldata.com

Infrastructure

  • More than $2.7 billion earmarked for road improvement projects around Charleston region,: major Berkeley projects include widening I-26 and improving Jedburg Road interchange, widening SC Hwy 176 at Cane Bay Boulevard and widening Henry Brown Blvd.

    https://www.postandcourier.com
  • The Charleston region’s well-established infrastructure, including railways and the Port, make it popular for export-oriented industries, according to Milken Institute (Jan. 2019).

    https://www.postandcourier.com

Public Services

  • Several new hospitals are in the works for Berkeley County: Roper St. Francis, 50-bed hospital near Carnes Crossroads; Trident Health, 50-bed acute-care hospital in Moncks Corner; MUSC, 128-bed hospital in Nexton; MUSC, freestanding emergency department, Berkeley County; MUSC/Roper, 43-bed rehabilitation hospital, Carnes Crossroads.

    https://www.postandcourier.com