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 Hanahan, 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.
Unsurprisingly, money is one of the biggest reasons why people steer clear of CRE brokers - for the cost savings. Yet, just about every commercial real estate transaction is managed by a commercial real estate brokerage. Why might that be? The answer is that smart business owners, executives, and investors know that the most lucrative cost savings stem from good planning, time management, and successful negotiations. Only an experienced commercial real estate broker can provide you with those features while also properly structuring your commercial real estate deal.
Commercial real estate investors and business owners often have jam-packed schedules with little time to spare for anything other than day-to-day operations. If that sounds familiar, you know how crucial time management is for commercial real estate. By working with a seasoned broker, you can uphold your daily responsibilities while they provide guidance and manage the minutia of your CRE dealings.
Reputable commercial real estate brokerages provide access to a bevy of information that is pertinent to your commercial real estate goals. We're talking vacancy and absorption rates, the latest sales price data, comparative labor and tax costs, and more. Your broker will help break down this information so that you can make the most informed decisions possible. Brokerages like Coldwell Banker Commercial Atlantic also have systems and software to facilitate complex real estate processes while eliminating unneeded costs. The combination of accumulated data and exclusive systems results in a more cost-effective, efficient way to meet your real estate requirements on terms that are beneficial to you.
As is the case with most things in life, practice and repetition are essential in honing skills and achieving business success. The truth is that no amount of money or "how to" articles can suffice for decades of real-world, hands-on experience. Sure, you can find a litany of commercial real estate info online. But those articles won't teach you about navigating the nuances of structuring advantageous purchase terms or completing complicated due diligence tasks. A successful commercial real estate broker in Hanahan, SC, will have no problem executing these often-confusing processes because they've done it dozens and dozens of times before. This priceless experience is your best resource for successful commercial real estate initiatives.
One of the biggest advantages of working with a commercial real estate brokerage is their ability to provide necessary services that are relevant to your real estate needs. As a Coldwell Banker Commercial affiliate, we are part of a network that allows us access to accounting, legal, and other services needed on your real estate journey. Finding and vetting these services can be very costly and time-consuming, which is unneeded stress that we're happy to remove from your plate.
For any project to be successful, a strategic marketing plan must be implemented to achieve the desired results for our clients. The methods of exposing and promoting a property must be creative, innovative, and unique to your property. At Coldwell Banker Commercial Atlantic, we utilize the most effective methods that make sense for your property in South Carolina, including:
If you're reading this page, chances are you're successful to some degree and have entered negotiations a time or two in your professional life. While that's nothing to sneeze at, the art of negotiating in the commercial real estate industry is a skill that must be honed over years of transactions. In the world of CRE, transaction negotiations are often time-consuming and stressful - two things you don't need in your life. Your commercial real estate broker will use their experience to relieve you of that stress so that you can focus on growing your business or serving tenants.
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 Hanahan, 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 Hanahan, 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.
MONCKS CORNER, S.C. – (Tuesday, March 14, 2023) – Berkeley County, in partnership with the City of Hanahan, will celebrate the completion of Railroad Avenue Extension in Hanahan with a ribbon-cutting ceremony on Friday, March 17 at 10 a.m. The event will take place in front of the Hanahan Recreation Center ballfields across from Mabeline Road in Hanahan.This critical road project, which was managed by the S.C. Department of Transportation, has been in the works since the 1990s. The County ...
MONCKS CORNER, S.C. – (Tuesday, March 14, 2023) – Berkeley County, in partnership with the City of Hanahan, will celebrate the completion of Railroad Avenue Extension in Hanahan with a ribbon-cutting ceremony on Friday, March 17 at 10 a.m. The event will take place in front of the Hanahan Recreation Center ballfields across from Mabeline Road in Hanahan.
This critical road project, which was managed by the S.C. Department of Transportation, has been in the works since the 1990s. The County celebrated the project’s groundbreaking in spring 2021.
Kiewit Infrastructure South constructed the project, which consisted of extending Railroad Avenue from Mabeline Road to Eagle Landing Boulevard and adding a two-lane roadway along the eastern side of the existing CSX rail line, with a sidewalk along one side of the road.
The project provides a safer connection between North and South Hanahan. Specifically, drivers will no longer have to enter Rivers Avenue and cross the railroad twice; and first responder vehicles will also have a better and safer access to those communities, overall improving emergency response times.
This project cost an estimated $20.1 million, including approximately $16 million from Berkeley County’s One-Cent Sales Tax Program—specifically from the referendum voters passed in 2014—and $4 million from federal funds.
“This road extension project, which has been decades in the making, is a gamechanger for the Hanahan community and public safety. We are thankful to Berkeley County voters for approving the County’s One-Cent Sales Tax referendum and to Congressman Henry Brown for securing federal funds to pay for this long-awaited infrastructure project. We are confident the result will be faster emergency response times and safer travel for all.” -Berkeley County Supervisor Johnny Cribb
“Thanks to the perseverance and hard work of so many who have passed the torch of this much needed project, we are finally celebrating the infrastructure connectivity of Hanahan through Railroad Avenue Extension. I am grateful for the collaboration of many different agencies to make this happen. Hanahan is now safer, transportation is easier, and quality of life is better.” -Hanahan Mayor Christie Rainwater
The City of Hanahan will also host a “Meet in the Street Block Party” event at 5:30 p.m. on Friday to commemorate the road project’s completion. There will be a food truck and other festivities. For more information, go HERE.
-Prepared by the Berkeley County Public Information Office-
HANAHAN — A parade of emergency response vehicles and a school bus were the first to drive a newly opened mile-long stretch of Railroad Avenue, a road project recently completed after years of work.The extension runs from Mabeline Road to Eagle Landing Boulevard, adding a two-lane roadway along the eastern side of the existing CSX rail line, with a sidewalk along one side of the road.Though only a mile, the new stretch connects the northwest corner of the city, where several neighborhoods and Hanahan Elementary School are...
HANAHAN — A parade of emergency response vehicles and a school bus were the first to drive a newly opened mile-long stretch of Railroad Avenue, a road project recently completed after years of work.
The extension runs from Mabeline Road to Eagle Landing Boulevard, adding a two-lane roadway along the eastern side of the existing CSX rail line, with a sidewalk along one side of the road.
Though only a mile, the new stretch connects the northwest corner of the city, where several neighborhoods and Hanahan Elementary School are, to the rest of the city, said Mayor Christie Rainwater.
Prior to the extension, drivers had to take a roundabout route and cross the railroad tracks twice.
“In order to get to the Eagle Landing ... part of the city, you actually had to leave the city, cross over the railroad tracks, go to another city (North Charleston), and then go down Rivers Avenue, cross back over the railroad tracks and get back into (Hanahan),” she said. “So obviously it was inconvenient to say the least.”
It was also completed after more than two decades of delays, which ballooned the cost from a $4 million federal earmark in the 1990s to more than $20 million by the time the county broke ground on the project in 2021.
Berkeley County’s 1 percent sales tax to pay for infrastructure contributed more than $16 million to the funding.
Officials said the delays were due to a number of bureaucratic hurdles and discussions between the county, the S.C. Department of Transportation and CSX, all of which had to review and approve various aspects of the project. Funding issues contributed as well, Rainwater said — the longer other delays took, the more expensive the project became and the more time it took to secure further funding.
Town and county officials held a ribbon cutting for the road extension on March 17, with a cohort of former mayors and other public officials in attendance such as former U.S. Rep. Henry Brown, who helped secure the initial federal earmark. Officials, local emergency responders and other attendees took to the school bus and emergency vehicles to drive through a blue ribbon and up the mile of road.
Rainwater said the extension saves at least 10 minutes of driving, and that’s without traffic and train-related delays. During rush hour or when a train is stopped on the tracks, it took even longer for drivers to get to their destination.
Berkeley County Supervisor Johnny Cribb pointed out it will also help ease congestion on Rivers Avenue.
“Think about all the cars that leave Hanahan, go out on Rivers Avenue, go to the intersection of Ashley Phosphate and Rivers needlessly every single day,” he said. “Every one of those cars are now pulled off that road, so that helps regional transportation.”
It was also a public safety issue when emergency vehicles are trying to get to the northwest part of town, Rainwater said.
Though acknowledging that not all road projects take so long, attendees at the ribbon-cutting made a number of jokes about the length of time it took to complete the extension. Rainwater said one resident called her reporting that her daughter was about to graduate from high school and to ask if the student could drive it before she left for college.
“If anybody here has got a good idea on a road project that might be done in the next 30 years, let us know today before you leave so we can get it done in your lifetime,” Cribb joked.
Cribb pointed out each county has a “dinosaur” of an infrastructure project that has taken years to complete, referencing the Highway 526 in Charleston County and the Berlin G. Myers Parkway in Dorchester County. The Railroad Avenue extension has been Berkeley County’s, he said.
After being reelected for another term on Tuesday, Hanahan Mayor Christie Rainwater is already preparing for the next four years.Published: Fri Nov 11 2022HANAHAN, S.C. (WCSC) - After being reelected for another term on Tuesday, Hanahan Mayor Christie Rainwater is already preparing for the next four years.In this year’s election, no opponents ran against Rainwater, which she says was a relief to not sit on the edge of her seat and worry about winning or not.“I feel like the residents of the city have s...
After being reelected for another term on Tuesday, Hanahan Mayor Christie Rainwater is already preparing for the next four years.
Published: Fri Nov 11 2022
HANAHAN, S.C. (WCSC) - After being reelected for another term on Tuesday, Hanahan Mayor Christie Rainwater is already preparing for the next four years.
In this year’s election, no opponents ran against Rainwater, which she says was a relief to not sit on the edge of her seat and worry about winning or not.
“I feel like the residents of the city have seen the work I’ve put in, and they want that to keep going,” she says. “They want the momentum to continue, and no one ran against me. I’m able to really continue keeping that momentum going.”
The Hanahan City Council and school board members were all reelected on Tuesday, and the mayor says will continue as a strong partnership because of the established relationships.
Similar to the rest of the Lowcountry, Hanahan continues to grow. Rainwater focused on building economic development and recreation in the area by adding two new parks over the last four years.
“Really bringing this quality of life to the residents is what we’ve been doing over the past four years and will continue to do over the next four,” she says.
As for the upcoming four years, the mayor really wants to focus on flooding concerns, more economic growth and additional housing for the community. She also mentioned that the Lowcountry Rapid Transit plans include four stops that will positively impact Hanahan.
“We are really looking at our specifically downtown area and how can we allow for housing that will work for everyone,” Rainwater says. “We have changed the ordinances over the past few years that will allow for us to build up a little higher and bring that in.”
The mayor also expressed that Hanahan has a small-town feel despite being the seventeenth-largest city in South Carolina.
“I like to say I bleed blue and orange,” she says. “Hanahan is the heart of the Lowcountry. When you look at its location, you’ve got downtown Charleston, Summerville, Mount Pleasant, West Ashley, and right in the heart, you’ll find Hanahan. The truth is, it’s not just because of its location; the people in Hanahan are so special.”
Copyright 2022 WCSC. All rights reserved.
HANAHAN, S.C. (HOLY CITY SINNER) — Press ReleaseSeamonWhiteside (SW+), a full-service site design firm throughout the Carolinas, is nearing completion of the brand-new Hanahan Recreation Complex.This multi-use recreation project is the first to open since the City of Hanahan’s large population growth over the last several years and is a much-needed addition to the community.The new complex located in Hanahan off of Henry Brown Boulevard and adjacent to Bowen’s Corner Elementary School, will bri...
HANAHAN, S.C. (HOLY CITY SINNER) — Press Release
SeamonWhiteside (SW+), a full-service site design firm throughout the Carolinas, is nearing completion of the brand-new Hanahan Recreation Complex.
This multi-use recreation project is the first to open since the City of Hanahan’s large population growth over the last several years and is a much-needed addition to the community.
The new complex located in Hanahan off of Henry Brown Boulevard and adjacent to Bowen’s Corner Elementary School, will bring great value to the City’s residents and the Berkeley County School District with many added facilities and recreational uses.
SeamonWhiteside is the lead consultant on this $12M+ project and has worked closely with the City of Hanahan since 2016.
The firm provided Programming/Master Planning, Budgeting Assistance, CDs, Permitting, Bid Administration and Procurement, and Construction Administration.
The complex will offer dog parks, walking trails, courts for tennis, volleyball, and basketball, a playground, a multi-purpose recreation building, public parking, restrooms, picnic areas including a covered pavilion, and synthetic and natural sports fields.
“The project is nearing the finish line, and we can’t wait for the City of Hanahan residents to experience what we’ve been working on over the last several years. Located just steps away from Bowen’s Corner Elementary School, this will be a convenient and accessible resource for the community,” says Jennifer Palmer, Director of the SeamonWhiteside Summerville Office. “A fun fact about this project was the property used to be owned by the Federal Government Joint Base Charleston and was part of an old blast zone for testing missiles. All of the natural wetlands remain undisturbed and we utilized a timber bridge, designed by York Bridges, with a very natural park-like aesthetic for the road crossing spanning the wetland to join the two sides of the complex. It is thrilling to see it all come to life and I cannot wait to see it being utilized by the community.”
SeamonWhiteside worked closely on this project with Southeastern Surveying, ECS, Critical Systems Engineering, McSweeney Engineers, and architect Chris Karpus.
The Hanahan Recreation Complex began construction in June 2021 and is now nearing completion, with an expected finish and open date in early 2023.
To learn more about SeamonWhiteside, visit www.seamonwhiteside.com.