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 […]
Industrial Outdoor Storage is Having a Moment
Industrial Outdoor Storage is Having a Moment Industrial Outdoor Storage (IOS) has been having a moment over the past few years. Coupled with the rise in industrial demand, IOS is a growing category in industrial real estate reaching an estimated value of $200 billion in the U.S. Because IOS is a relatively new hot topic […]
Leasing Industrial Property in Spartanburg, S.C.? Here’s What You Need to Know
Considering Leasing Industrial Property in Spartanburg, S.C.? Here’s What You Need to Know The recent rise in demand for industrial buildings coupled with the current economic uncertainty raises several questions regarding the industrial leasing market in Spartanburg, S.C. You may be a developer determining what size industrial building to build, an owner interested in leasing […]
2023 Industrial Real Estate Forecast in Spartanburg, S.C.
2023 Industrial Real Estate Forecast in Spartanburg, S.C. Bank Failures Inflation High Interest Rates A Looming Recession. With swarming economic uncertainty , how is industrial real estate projected to do in Spartanburg, S.C. this year? Here’s a quick forecast on industrial real estate for the remainder of 2023. **It is important to note that this […]
