With an average of 230 days of sunshine each year, a low cost of living, and endless recreational activities, Charleston is a joy to call home. As the second most popular place to live in the U.S., metro Charleston is booming, not only with new residents but with new construction and property investment opportunities too. But with the Tri-County's rapid rate of growth comes increased real estate demand and complexity. That's especially true for commercial real estate transactions. According to CoStar, near-zero vacancy rates and short supply have forced rents and sales to reach record highs. At the same time, online medical and grocery purchases, along with last-mile delivery needs, have driven a new desire for industrial space.
It's safe to say that there is a lot of opportunity on the table for commercial real estate sellers and investors in South Carolina. But capitalizing on that opportunity without the proper market knowledge, relationships, or risk analysis can actually be counterproductive to your goals. That's where Coldwell Banker Commercial Atlantic's commercial real estate brokers in Charleston, SC, come into play.
As experts in the commercial real estate industry for more than 37 years, our brokerage provides the highest level of service to clients in today's rapid, constantly-changing business climate.
At Coldwell Banker Commercial, we pride ourselves on having local power and a global presence. Our clients entrust their complex and lucrative commercial real estate deals to us because they understand the value of working with brokers who are familiar faces within the community. On any given day, you could be standing next to one of our brokers at a grocery store or local restaurant. As your friends and neighbors, we're proud to call the Lowcountry home. Though we have local roots, our resources and expertise are backed by a global network. That power gives our commercial real estate clients peace of mind, knowing they have access to a dynamic and diversified brokerage of highly-trained and educated agents.
From general commercial leasing services and property management to investment guidance and new property site selection, our team works tirelessly to exceed your expectations and meet your goals. Whether you're looking to buy, sell, lease, or develop, our commercial real estate brokerage in Cane Bay, SC provides the up-to-date advice and time-tested market knowledge needed to facilitate any commercial real estate transaction, large or small.
Some of the commercial real estate specialties we focus on in South Carolina include:
At the end of the day, our commercial brokers and agents aren't satisfied until you're a happy customer. That's why every service and decision we recommend is made with your best interests in mind.
Perhaps you're in a situation where you need more space for a growing business. Maybe, instead, you want to capitalize on low-interest rates and buy a commercial real estate investment property to bolster your portfolio. Whatever your needs may be, whether as an investor or a small business owner, your goals are probably the same: lock in the best value and negotiate optimal terms for leasing, buying, or selling. When it's all said and done, you want to minimize expenses and maximize your ROI.
Unfortunately, commercial real estate is complex by nature. Given today's ever-changing real estate landscape and the challenges of our economy, working with a commercial real estate agent is the savviest way to save money and lessen the likelihood of making a poor investment.
That's because the very best commercial real estate brokers, like those at Coldwell Banker Commercial Atlantic, do more than putting "for sale" signs in yards and in newspapers. They have the tools and training to source and present research apropos to your commercial real estate purchase or sale. They also have the ability to provide transaction and advisory services to ensure every aspect of your CRE process goes smoothly and efficiently. But we're getting ahead of ourselves. Here are a few of the biggest reasons to work with a commercial real estate broker in South Carolina.
One of the most valuable reasons for working with a commercial real estate brokerage is that staff have a deep understanding of South Carolina's real estate market. In the Lowcountry, trends and market conditions are constantly changing. Opportunities are lost and found daily.
With this market knowledge, your commercial real estate broker in Cane Bay, SC, can provide an easy-to-understand analysis of various commercial properties within your budget. They'll know what relevant properties are leased or sold for and how much. Savvy commercial real estate brokers are also always informed on local demographics and market indicators that impact your commercial real estate goals. For instance, with COVID becoming a more accepted part of our lives, leasing, and sales in retail have taken off, especially for Class A and Class B centers.
At Coldwell Banker Commercial Atlantic, we specialize in several commercial real estate services. Though each service is comprehensive and will differ for each client, here is a brief overview to help you understand the scope of our abilities.
We're proud to say that our commercial real estate brokers in Cane Bay, SC, are equipped with all the necessary skills and traits to make your life easier. From transactional needs to marketing strategies, our experience and market knowledge is second to none, allowing us to ensure your success in today's market.
In an ever-changing commercial real estate industry, our approach to property management is constantly evolving. Our team has extensive experience in commercial real estate management and recognizes its importance as a foundation for long-term value and wealth. As such, Coldwell Banker Commercial Atlantic provides tailor-made property management packages that meet your specific assets needs and objectives.
Whether you're entering a build-to-suite or remodeling a commercial property, our associates are ready to represent you with facility planning, design, construction, zoning restrictions, and so much more. If you're looking for a brokerage that can guide you through every step of the construction process with your goals and budget at heart, look no further than Coldwell Banker Commercial Atlantic.
Coldwell Banker Commercial Atlantic provides comprehensive investment analytics to better evaluate potential investments and increase return on those investments. Additionally, our team can facilitate single or multiple-location transactions and also find alternative financing recommendations if needed.
From selecting the perfect building site for your property to overseeing its initial construction, our associates provide experience and expertise when you need it most, covering every step and service of property development. If needed, our team can assemble the right professionals to ensure your property is developed to your unique specifications and applicable regulatory standards.
Our commercial real estate brokerage represents clients in both the disposition and acquisition of property and works directly with you to determine your needs. We then strive to improve efficiency and reduce costs. We also assist financial institutions and government agencies in the management and disposition of âtroubled properties.' Our firm incorporates its spectrum of services to efficiently turn these properties around and improve their value for ultimate disposition.
If you're just getting started in commercial real estate investing, you're probably searching for reliable advice and best practices to follow. While hands-on experience and guidance from a commercial real estate broker are always best, a little advice never hurts. After all, there's a wide world of opportunity out there. As you begin to build a more robust portfolio, keep these tips and tricks in mind.
Commercial real estate deals can take a lot longer than traditional single-family transactions. That's true throughout the entire process, from purchase, to renovation, to selling. That's not a bad thing - after all, having impatience is a good way to rush into a poor decision. Instead of a means to quick cash, think of commercial real estate deals as a large bonus or as a vehicle for retirement.
Many commercial real estate investors jump right into the multi-family property space. However, it's essential to keep other types of properties in mind, such as mobile homes, office buildings, land, and even mobile home parks. Forget about your comfort zone. Instead, weigh your options and choose a niche that helps you meet your goals.
Commercial loans are quite different than their residential counterparts. In some ways, they're better. Though down payments are typically higher, meaning you'll put more down, there's often no personal liability involved. Plus, commercial loans can be more forgiving when borrowing money for down payments. The bottom line is to search for the best lenders before making an offer. If you're having trouble, ask your commercial real estate broker for assistance, as they often have connections and partnerships with relevant entities.
If you're used to buying residential homes, you're probably familiar with some formulas, such as buying 75% of after-repaired value minus the estimated cost of repairs. Depending on the type of commercial property you're buying or selling, you'll have different formulas to learn. Two examples are Cap Rates and Net Operating Income. Learning these formulas can be very beneficial when making an offer.
If you find yourself discouraged with the commercial real estate game, remember that the team at your commercial real estate brokerage is there to make your life easier. At Coldwell Banker Commercial Atlantic, we have a powerful brokerage with a team of over 20 highly skilled and educated agents. Our job is to serve you, whether you're a new investor looking for your first deal or an experienced property owner looking for 1031 tax investment advice.
BERKELEY COUNTY, S.C. (WCBD) – A family living in one Berkeley County community said they have not been receiving their mail on a regular basis, even after contacting postal officials. That’s when they reached out to News 2’s Raymond Owens.“We moved here about a year and a half ago and over the past year or so we have had problems with sporadic mail delivery,” said Cane Bay resident Tim Jacintho. “It doesn’t show up when it’s supposed to; it now has gotten to where we’re getting ma...
BERKELEY COUNTY, S.C. (WCBD) – A family living in one Berkeley County community said they have not been receiving their mail on a regular basis, even after contacting postal officials. That’s when they reached out to News 2’s Raymond Owens.
“We moved here about a year and a half ago and over the past year or so we have had problems with sporadic mail delivery,” said Cane Bay resident Tim Jacintho. “It doesn’t show up when it’s supposed to; it now has gotten to where we’re getting mail maybe two or three days a week.”
He said a lot of people depend on the mail for prescription medications, Social Security checks, and other items. He said everyone is frustrated with the situation.
Jacintho said he and other Cane Bay residents have reached out to the Summerville Post Office with their concerns.
“She’s been telling me what’s going on- they’ve had a lot of turnover with contractors, and they’re shorthanded. She said that the growth in the Cane Bay/Nexton area, which they serve, has put too much stress on the post office. They don’t have the staff or the facility to handle it.”
He contacted Congressman Nancy Mace’s office, and his state representative and state senator. He has not heard back from them. He said Berkeley County Supervisor Johnny Cribb returned his message.
“He, like, within a few hours, and said no thanks for reporting it. He said he can’t really do anything. It’s at the federal level.
Finally, he reached out to News 2 for help.
“I reached out to you because certainly I’m frustrated with the situation here and I know that my fellow neighbors and residents are also very frustrated,” he said.
News 2’s Raymond Owens called Congresswoman Mace’s office. Their office called Jacintho back and told him they would look into the problem.
We also called the postal service – their spokeswoman said she is researching the issue to learn more and will get back to us. They later provided the following response:
“The Postal Service appreciates its customers and always strives to provide the best possible service. We apologize for any inconvenience that may have been experienced by customers living in the Cane Bay and Nexton communities. Local management is currently working with all stakeholders to ensure any delivery concerns are resolved. We can confirm the Summerville Post Office, like many businesses, is experiencing staffing challenges; however, through successful hiring efforts we have increased our workforce significantly. The Postal Service will continue flexing our available resources to match the workload, in addition to hosting more hiring events until all positions are filled. Interested applicants should log on to http://usps.com/careers frequently to check for new postings. We appreciate the patience of our customers and the efforts of employees as conditions change on a day-to-day basis. We urge any customers with concerns or questions about their mail delivery service to contact their local Post Office, so that we can look into and resolve their concerns promptly. Customers may also visit our website at www.usps.com/help.”
News 2 will continue following this story and bring you updates as we learn more.
BERKELEY COUNTY, S.C. (WCSC) - Mobile learning units and more land for a future K-8 school made final approval at Tuesday’s Berkeley County School Board meeting.A lease and purchase contract of a little over $2 million was approved for 16 mobile units to go to Cane Bay Elementary and Cane Bay Middle Schools. With the exponential growth in the county, the board says they needed this lease for at least five years. After those five years, the county will buy those units and can move them to whatever school in the district needs spa...
BERKELEY COUNTY, S.C. (WCSC) - Mobile learning units and more land for a future K-8 school made final approval at Tuesday’s Berkeley County School Board meeting.
A lease and purchase contract of a little over $2 million was approved for 16 mobile units to go to Cane Bay Elementary and Cane Bay Middle Schools. With the exponential growth in the county, the board says they needed this lease for at least five years. After those five years, the county will buy those units and can move them to whatever school in the district needs space for extra classrooms.
Berkeley County School District’s finance and capital planning committee also made headway on transferring COVID-19 funding, or ESSER II, to cover costs for virtual learning. Some of this now-approved money will cover salaries and benefits to teachers working with those virtual programs.
About $311,000 will come out of the purchase service account and technology and just over 100,000 will cover the cost of Lowcountry Virtual Academy. About $210,000 will cover virtual teacher salaries.
Superintendent Deon Jackson made an announcement that he has reached a land agreement with Brookfield Properties to bring a K-8 school to the Nexton area. This school will sit on 35 acres and the developer will pay voluntary impact fees of $1,850 per unit.
“This collaboration is a win for our students, a win for the taxpayers and a win for Berkeley County School District,” Jackson said. “We are excited to continue working with our area developers, builders and county government to ensure that the construction, expansion and updates of schools remains at the forefront of all plans.”
Jackson says this school is expected to break ground in 2025 if funding gets approved. He says this will depend on if the one cent sales tax is approved in November and if it’s not, this development will get pushed back.
Katie Tanner, the public information officer for BCSD, released a statement about the K-8 school:
“The plan to build a K-8 school, as opposed to a traditional elementary or middle school, is based largely on the ability to expeditiously and efficiently add capacity at both the elementary and middle school levels. Additionally, a K-8 model provides the District with more flexibility for conversion into a stand-alone elementary or middle school, if needed in the future as growth in the area is expected to continue.”
Copyright 2022 WCSC. All rights reserved.
A point here or there could have landed Ashley Ridge a home playoff berth, but instead the Swamp Foxes will travel for the first round of the Class AAAAA Boys Basketball playoffs.Ashley Ridge jumped out to a 12-3 start this season and won three of its first four Region 7-AAAAA games before dropping three straight region games.Entering the final week of region play, the Swamp Foxes could have finished anywhere from second place to fifth place in the region standings. Ashley Ridge lost its first game of the week to Summerville Fe...
A point here or there could have landed Ashley Ridge a home playoff berth, but instead the Swamp Foxes will travel for the first round of the Class AAAAA Boys Basketball playoffs.
Ashley Ridge jumped out to a 12-3 start this season and won three of its first four Region 7-AAAAA games before dropping three straight region games.
Entering the final week of region play, the Swamp Foxes could have finished anywhere from second place to fifth place in the region standings. Ashley Ridge lost its first game of the week to Summerville Feb. 7, but then defeated Stall 70-38 on Feb. 10 to improve to 16-9 with a 4-4 mark in region play.
That left the Swamp Foxes tied with West Ashley for second place in the region. It took multiple tiebreaker criteria to settle the playoff seeding for those two teams but in the end West Ashley claimed the No. 2 playoff seed based on a plus-two, head-to-head, points differential.
“You know, they (basically) hit an extra 3 against us, but if we just won more games that wouldn’t matter,” Ashley Ridge coach Brad Dobbles said. “We control our own destiny and now we go to Cane Bay Thursday night.”
Jahill Hope led the Swamp Foxes’ scorers against Stall with a game-high 19 points. Jordan Davis added 13 points for Ashley Ridge while Jayden Coffey added 10 and Ahmiir Colperto added 8. Noah Jackson, Jaylin Hartzog, Jordan Washington and Blake Gerald each finished with 4 points.
However, the team’s defense that night is what Dobbles is excited about.
“Tonight I’m really proud of our effort,” he said. “Our seniors came out and gave us a huge lift at the beginning of the game and this was the first time in a long time that we really guarded the ball. I’ve been talking to the guys about that and we did an excellent job of playing defense, rotating, helping, and not giving up second-chance points. We held them to 38 points.”
Ashely Ridge played Cane Bay on Jan. 6 and lost 55-52. The Swamp Foxes are hopping to avenge the loss in the playoffs.
“The first time we played them we didn’t do what we were supposed to down the stretch,” Dobbles said. “They won the game, give them credit, but in a way we gave that one a way. Our guys are going to be fired up because of that and Cane Bay put us out of the playoffs last year. We are just excited about the opportunity to keep playing.”
SUMMERVILLE — The streaks are still alive.Winning for the eighth straight time in the series, Cane Bay fought back from an eight-point deficit in the second half to clip rival Stratford, 22-17, Oct. 7 on the Cobras’ homecoming. The win was also the fourth straight this season for the Cobras (5-1, 2-0 Region 6-AAAAA).“It’s usually a fight to the end and that’s what this was,” Cane Bay coach Russell Zehr said. “They have a heck of a ball club. They did some things we weren’t ready f...
SUMMERVILLE — The streaks are still alive.
Winning for the eighth straight time in the series, Cane Bay fought back from an eight-point deficit in the second half to clip rival Stratford, 22-17, Oct. 7 on the Cobras’ homecoming. The win was also the fourth straight this season for the Cobras (5-1, 2-0 Region 6-AAAAA).
“It’s usually a fight to the end and that’s what this was,” Cane Bay coach Russell Zehr said. “They have a heck of a ball club. They did some things we weren’t ready for, but hats off to our kids and coaches for the adjustments. We got lucky and made a few plays at the end to win.”
One of the wrinkles Cane Bay had to deal with was Stratford’s regular quarterback, Jalen Barry, moving out to wide receiver. Jachin Davis, a young kid with a strong arm, saw all but one possession at quarterback for the Knights.
Davis’s second touchdown pass of the game, a 33-yarder to Barry, gave Stratford 17-9 lead with 7:54 remaining in the third quarter.
Cane Bay responded with a 70-yard scoring drive in just over four minutes. Cobras running back TJ Wright exploded through the right side on a 13-yard touchdown burst.
Stratford stuffed the 2-point conversion, though, and the Cobras had more work to do to keep their winning streaks intact.
Stratford moved inside Cane Bay’s 35 on its ensuing drive and quick-kicked on fourth and long to the Cane Bay 5 with under 11 minutes left in the game.
On third down, Cane Bay running back Bryson Johnson ripped through a hole up the middle and raced home for 89 yards and the go-ahead score. Lawson Thorn’s extra point made it 22-17 with 9:29 remaining.
Cane Bay’s defense picked off two passes on the way in, including the clincher on a fourth-and-short at Stratford’s 31 by Keaton Cooley to seal it. Defensive back Miles Singleton picked off the first one at midfield with under seven minutes left.
Stratford dropped to 1-5 overall and 0-1 in the region.
Each team made field goals on their first possessions, with Stratford’s Matt Haas making a 42-yard goal and Thorn answering on the other end with a 30-yarder in the first quarter.
Cane Bay defensive back Jordan Horlback snagged an interception and returned it 10 yards to make it 9-3 with 3:30 before halftime.
Davis responded by finding tight end Brett Marrs behind the defense along the sideline for an 80-yard touchdown just over a minute later. Haas’s extra point sent Stratford into the locker room with a 10-9 lead.
The Cobras travel to Goose Creek Oct. 14 while the Knights host Wando.
BERKELEY COUNTY, S.C. (WCIV) — Last Tuesday, there was a meeting within the Berkeley County School District to discuss changing attendance lines within the county because of overcrowding in the Cane Bay area.Although the measure was not voted ...
BERKELEY COUNTY, S.C. (WCIV) — Last Tuesday, there was a meeting within the Berkeley County School District to discuss changing attendance lines within the county because of overcrowding in the Cane Bay area.
Although the measure was not voted on, the problem of overcrowding remains within the area.
Last Tuesday, there was a meeting within the Berkeley County School District to discuss changing attendance lines within the county because of overcrowding in the Cane Bay area. (WCIV)
Berkeley County as a whole has experienced a 34 percent increase in population over the last decade. That’s the second highest rate of any county in the state.
This is partially due to the popularity of the area’s school system and community. It’s why Cane Bay resident Ashley Hill moved to the area two years ago.
“The reason that I like it here so much is because we have a sense of community and how Cane Bay trails, I get to experience that and golf cars and stuff like that,” Hill said.
But the space has started to become crowded. Since 2010, the Cane Bay population has grown from 1,321 people to 12,362 residents.
Right now approximately 75 percent of the land is permitted for expected build-out.
“They are going up so quickly,” Hill said, “It has grown tremendously. The traffic around here has gotten a lot more aggressive. I believe that even with school days, I mean, just trying to figure out how to get into the elementary school or the middle school because they're so close to each other, it makes it difficult for the people who are trying to go to work.”
Cane Bay currently has 5,941 building permits issued and 510 are under construction.
That means the number of residents may grow even more than the current population of 12,000.
There are also 7,950 entitlements for expected build-out in the Cane Bay area.
So that begs the question: Are Berkeley County officials prepared to deal with the growth in the community?
I took that question straight to Berkeley County Supervisor Johnny Cribb and here was his response:
“In the last several years, there's not a whole lot that we've rezoned or approved, but it's really the entitlements that that are out there.”
Cribb says that he hasn’t approved many building permits during his three years in office. But despite that, there are still thousands of permitted builds that have yet to take place.
So I asked him what his plan for the future was.
“If you look at what's going on in the world right now, anybody pretends to know what's going to happen is they're playing make believe,” Cribb said.
He said that the current market place, partially due to the coronavirus pandemic, has made it hard to predict when build-outs will happen and what the area will look like in the future.
Not satisfied with the answer to my question, I went to other officials to get more answers.
I asked the Cane Bay representative of the Berkeley County Council Caldwell Pinckney about the growth in the community.
He said that council does realize the threat the growth in the area has and it will be dealt with eventually. However, he said it has “not gotten to the point where we have had to sit down and talk about it.”
“Even in the most aggressive scenario, [build-outs are] years away. So two or three years, there's no way you could build out all that out in two or three years,” Cribb said.
When asked if a building moratorium would be considered to slow down some of the developments in Berkeley County ,both Cribb and Pinckney said it wasn’t on the table at this time.
Cribb does say that he believes the main solution, and the focus for him right now, is the roadways around the Cane Bay area.
“You put $65 million to widen 176, $82 million for Nexton I-26 interchange, so people would have their own interchange and doing improvements in the community.” Cribb said, “The biggest thing is, for us, almost three years now I have been relentlessly pursuing what I can control. And it's any new things that come in, and frankly, how can we improve the quality of life for the people that have moved out there who are the ones that created the growth.”
Cribb also said he is working with water and sewer officials to prepare for the influx of houses coming in the area.
One question I did pose to Pinckney was if the county would consider utilizing impact fees to help fund the building of new schools in the Cane Bay area. Pinckney said that he does believe impact fees are in place to an extent, but are not covering the whole budget.
But for residents like Hill, they believe that there is a lot being overlooked which only adds to their concern about the future of Cane Bay.
“I'm concerned with the overpopulation. I do not feel like the county has taken any hasn't thought about with all these, you know, kids that are coming in. Where they're supposed to go.”