Charleston: The Gateway To Growth
The Charleston region remains an attractive industrial locale for several reasons. Robust population growth creates a strong and stable demand for goods and services, thereby driving the need for well-located industrial facilities. This also correlates with a rapid expansion of the available labor force, which has grown three times faster than the U.S. average, ensuring a skilled and readily available pool of workers for any industrial facility.
Seamless connectivity to major highway systems (I-26 & I-95) has proven to be a boon for industrial occupiers in the Lowcountry. Approximately 74% of the United States population can be reached within a 2-day truck drive. Not to mention direct access to a Top 10 U.S. container port that has seen significant growth and major investment over recent years.
No Signs of Slowing...
Because of these industrial drivers, major manufacturers and retailers have found immense success in the region, including Wal-Mart, Volvo, Boeing, and Mercedes. This proof of concept has resulted in vacancy in industrial buildings being at a historic low, with spaces getting snapped up almost as quickly as they’re marked “available”. Location, labor pool, and a blossoming container port will continue to push Charleston’s industrial leasing landscape to new heights.
