25 May Charleston’s commercial real estate market ‘on fire’
In a recent article Warren Wise of the Charleston Post and Courier notes that the Industrial Real Estate market is booming and their is a strong demand for new industrial space. “The market is on fire, and there is no inventory,” said Alan Bolduc, who specializes in warehouses and types of industrial real estate at the local office of Avison Young. “It’s a very, very challenging market right now. We are becoming extremely busy with inquiries from 5,000 square feet to 150,000 square feet. The inventory is almost nonexistent. Some of the bigger boxes are coming out of the ground, so we are going to satisfy some of that demand.”