Charleston’s Economic Headlines For 2016

The Post and Courier highlighted the local economy’s 2016 headlines in a single article; among the highlights:

  • Update on dredging of CHS harbor with the start of a single dollar from President Trump
  • Boeing’s new 787-10, made exclusively in N CHS, will be a major focus of the manufacturer forward as the larger plane replaces the shorter version 787-8 made in Seattle
  • More changes at CHS airport with a focus on parking to handle the increased volume
  • A strong housing outlook to handle the 35 newcomers a day moving to the region
  • A tightening labor market amid the 3.4% unemployment rate, the lowest since 2000
  • New retailers including member-clubs such as our first BJ’s Wholesale, a Costco in Mount Pleasant, the region’s second, and another Sam’s Club, this one in Summerville
  • More hotels, including the new Hotel Bennett at Marion Square downtown with rooms starting at $500/night, and another dozen hotels approved or under construction – just on the downtown Peninsula

 

About charlestonCREblog

30 years' in the commercial real estate biz - investment sales, consulting, banker, appraiser, brokerage. Trained in Atlanta and moved to the Lowcountry in 2008 and now sharing offices in Charleston and Jacksonville, FL. Exclusive listings, buyer representation, and consulting/analysis to help clients make the best commercial real estate decisions.

Posted on January 21, 2017, in Boeing News, CHS, CHS Hotel-Retaurant-Hospitality, CHS Jobs/Economy, CHS Multi-Family, CHS Port, CHS Retail, CHS SFR Residential Market, Development, SC Jobs/Economy, The Post and Courier and tagged , , . Bookmark the permalink. Leave a comment.

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