Why Are Businesses Relocating To South Carolina Ans How You Can Gain From It
The Charleston Tri-County area in South Carolina is experiencing significant job growth, driven by an influx of businesses and industries. This growth is creating a heightened demand for both commercial and residential real estate, making it an opportune time for investors.
### Key Highlights:
- **Port of Charleston**: As the 8th busiest container facility in the U.S., it handled 2.6 million TEUs in 2023, underscoring its importance in the logistics and shipping industry. This robust infrastructure supports economic growth and attracts further investment.
- **Business Landscape**: A variety of companies are either relocating to or expanding within the area. Notable names include Low Tide Brewing, Yusen Logistics, Google, and several others that indicate a vibrant business environment.
- **Population Growth**: With approximately 30 people relocating to Charleston County each day, the demand for housing is surging. The Charleston region, encompassing Charleston, Berkeley, and Dorchester counties, continues to attract residents from other major metros like Atlanta, Charlotte, and even New York.
### Investment Opportunities:
Given the steady job growth and residential demand, investing in both commercial and residential real estate in the Charleston area can yield substantial returns. With the ongoing development of multifamily properties and the need for rentals, there are various avenues for investors to explore.
Links with more information below
If you're interested in learning more about the opportunities in the Lowcountry or would like assistance in navigating the real estate market, feel free to reach out!
Matthew C. G. Brockbank
Marshall Walker Real Estate
843-442-7282
Mbrockbank@marshallwalker.com
https://www.marshallwalker.com/agents/view/matthew-brockbank
https://scspa.com/about-the-port/
Location & Expansion Log for Charleston, SC Metro Region
https://www.charlestoncountydevelopment.org/data-center/population-data/
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