Charleston South Carolina Market in the future.

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Charleston South Carolina Market in the future.

Nathan Killebrew
Investor · Clinton, MS · Member since 2019 · 83 posts · 85 votes

Hey guys,

I am anticipating a move to Charleston Sc. in the near future.  Do yall anticipate growth in that market to continue? It is a beautiful area with a great job market, but I just wanted to see what your thoughts on the market growth predictions in the future. 

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John Semanchuk
Charleston, SC · Member since 2013 · 380 posts · 157 votes
7y

I can only agree with Brad and the other posters here.   Just look at the heavy hitters that have made a serious commitment to the area... Boeing, Damlier/Chrysler, Volvo all have built manufacturing plants here and following on their heels we have Costco building a second store, Lowes and HD both building more stores, Lowes Foods and Aldi's entering the market even as Harris Teeter and Publix continue to expand, Whole Foods/Amazon, etc, etc... These are companies that you can be sure did their research before committing to Charleston.   

I didn't sense much faith in the burgeoning tech scene here when I asked opinions of tech folks 3 years ago, but that opinion is changing as that business sector takes hold and continues to grow.   A lot of tech companies can headquarters wherever they want and there sure seems to be a lot of people who want to live in Charleston!

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  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    7y

    I found Charleston 6 years ago.. if your talking about charelston proper and out by the big factories I think its still got a lot of legs.

    Cleveland MS  ???  home of the blues ?

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  • Nathan Killebrew
    OP
    Investor · Clinton, MS · Member since 2019 · 83 posts · 85 votes
    7y

    Yes, I am currently enrolled in college here a ton of great music and history.  I love the whole feel of Charleston, and I am a major history buff.  I feel hose surrounding areas would provide a ton of possibilities for investors. 

    Thank you so much for the response,

    Nathan Killebrew

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  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    7y
    Originally posted by @Nathan Killebrew:

    Yes, I am currently enrolled in college here a ton of great music and history.  I love the whole feel of Charleston, and I am a major history buff.  I feel hose surrounding areas would provide a ton of possibilities for investors. 

    Thank you so much for the response,

    Nathan Killebrew

     ya more upside than the Mississippi Delta I am afraid..  and its world class city to boot.

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  • Jason Merchey
    Investor · Hendersonville, NC · Member since 2013 · 757 posts · 282 votes
    7y

    I think we're still "a green light" here.

    1Reply
  • Nathan Killebrew
    OP
    Investor · Clinton, MS · Member since 2019 · 83 posts · 85 votes
    7y

    @Jason Merchey

    Yes with all the benefits that area provides, I can’t see a world where prices will go down.

    What are you opinions on the surrounding little towns? Which one is ideal for an initial move and investment start? I really like Mt. Pleasant.

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  • Toby Chandler
    Flipper/Rehabber · Spartanburg, SC · Member since 2019 · 32 posts · 33 votes
    7y

    I love Mt. Pleasant. I have lived from Charleston to Asheville for the last 30 years. Charleston has so many good things going for it. SC has BMV, Volvo and a mercedes sprinter factory making Charleston the largest auto exporting port in the US. The history, the character, the beaches and the schools all make it hard to see the market going anywhere but up. SC has pretty friendly foreclosure laws too, being a judicial foreclosure state. Have your wallet ready though...

    1Reply
  • Nathan Killebrew
    OP
    Investor · Clinton, MS · Member since 2019 · 83 posts · 85 votes
    7y

    Yeah, there are so many different things in that region that give it value. On paper, it looks amazing, but I wanted to hear from the people physically there. Love the potential for rental properties there with students, military, and factory a lot of options. 

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  • Brad Braun
    Realtor · Charleston, SC · Member since 2018 · 84 posts · 51 votes
    7y

    Charleston is the only municipality in SC that builds both cars and planes, we have non-stop flights to London, and our tech sector is called "Silicone Harbor".  The Medical Univ Of SC is renowned for their work in the medical field.

    While the affordability index and lack of inventory make our market here challenging at best, as long as we have folks moving here in droves, the market will stay strong.

    1Reply
  • John Semanchuk
    Charleston, SC · Member since 2013 · 380 posts · 157 votes
    7y

    I can only agree with Brad and the other posters here.   Just look at the heavy hitters that have made a serious commitment to the area... Boeing, Damlier/Chrysler, Volvo all have built manufacturing plants here and following on their heels we have Costco building a second store, Lowes and HD both building more stores, Lowes Foods and Aldi's entering the market even as Harris Teeter and Publix continue to expand, Whole Foods/Amazon, etc, etc... These are companies that you can be sure did their research before committing to Charleston.   

    I didn't sense much faith in the burgeoning tech scene here when I asked opinions of tech folks 3 years ago, but that opinion is changing as that business sector takes hold and continues to grow.   A lot of tech companies can headquarters wherever they want and there sure seems to be a lot of people who want to live in Charleston!

    2Reply
  • Jason Merchey
    Investor · Hendersonville, NC · Member since 2013 · 757 posts · 282 votes
    7y

    Frankly I don't think there is much reason to doubt that growth will happen. Whenever a state or a muni is willing to give away massive tax breaks to attract big, anti-union businesses, and in turn ask the citizens to pay little state income tax, it's clearly a "pro-growth" environment. I would say the bigger concerns are consequences of growth such as traffic, and consequences of industry, such as mercury in our waterways and lakes. 

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