A Year In Review- Commercial Real Estate, Spartanburg SC
In my last blog, I covered how commercial real estate in Spartanburg is performing compared to average US commercial real estate trends. You can read my previous blog here As 2023 is coming to a close, here is a review of how each major asset class has performed so far this year in Spartanburg, S.C. […]
How is Commercial Real Estate Performing in Spartanburg Compared to US Trends?
Let’s take a moment to review how each asset class is performing in Spartanburg, S.C. relative to overall US trends. If you’re an owner looking to sell, an investor/user looking to purchase, or an individual interested in Spartanburg’s economy, I will break down the key trend to know for each asset classes’ performance in Spartanburg. […]
Let’s Talk Commercial Real Estate Terms (Part II)
In my last blog, we discussed commercial real estate terms related to investments, leases, contracts, and more. Read here : Vocab Time- Let’s Talk Key Commercial Real Estate Terms – McDaniel and Company In this blog will cover some additional real estate terms. Absorption Absorption is the amount of square feet that has become […]
Vocab Time- Let’s Talk Key Commercial Real Estate Terms
In commercial real estate, there are a lot of acronyms and definitions we use! In this blog, we will break down some of the most common/ important terms used in commercial real estate! Investment Terms Cap Rate A cap rate is the return on a real estate investment on an annual basis. To […]
Industrial Real Estate Overview- Spartanburg, Greenville, and US Trends
Let’s Discuss the Industrial Real Estate Trends for Spartanburg, Greenville, and the US! In this blog, we will cover the latest stats on industrial real estate in Spartanburg, Greenville, and across the United States. Spartanburg Industrial real estate in Spartanburg is much less expensive relative to average US industrial prices. The […]
Employment’s Impact on Office Demand
In this blog, we will cover employment trends across the United States, employment at the local level in Spartanburg, S.C., and how employment trends are impacting office space. Low Unemployment Rates and Employment Challenges According to the Bureau of Labor Statistics, the current unemployment rate is 3.6%, which is relatively low considering an […]
Industrial Sublease Inventory Is Rising
The Rate of Industrial Sublease Space Hitting the Market Is At the Highest Level in Over A Decade. 5% of the national industrial listings falling in the sublease category does not sound alarming. But in Q2 of 2023, the amount of industrial space for sublease in the United States rose by 28 million square […]
How Does Commercial Real Estate Hedge Against Inflation?
How Does Commercial Real Estate Hedge Against Inflation? In this blog we will unpack inflation, the causes of inflation, and how real estate hedges against inflation. Inflation What is Inflation? Inflation is the rise in price level for goods and services. Inflation causes a decrease in purchasing power. If $5 can buy a […]
Buying or Selling Commercial Real Estate? Four Things to Consider
Buying or Selling Commercial Real Estate? Four Things to Consider Working with buyers or sellers of commercial property is what we do on a daily basis! Our economy is currently a mixed bag. This year, there has been general economic uncertainty with bank failures and a slow down in the economy. Nevertheless, many asset classes […]
Spartanburg, S.C: So Industrial Vacancy Rates Are Rising? Yes, But There’s A Catch.
If you have been following the industrial real estate trends over the past few years, Spartanburg and many other areas across the country have had historically high transaction volume years and historically low vacancy rates. However, the industrial picture is starting to look a little different. The rise in interest rates and general economic uncertainty […]
