Charleston, SC, has witnessed a dramatic growth in commercial real estate in recent years. As per a study conducted by Forbes magazine, Charleston commercial real estate is expected to show a noticeable increase of 200 % by the year 2009.
The success of commercial real estate in Charleston, South Carolina, can be attributed to multiple factors. In recent years the economy of Charleston has emerged as one of the strongest and most diversified one in U.S. A booming economy has proved conducive in creating innumerable job opportunities, resulting in the growing influx of people.
There is enough commercial scope in Charleston to accommodate the large number of people moving in. This encourages new people to invest in real estate to meet the residential needs of people settling in Charleston. This interest has made commercial real estate in Charleston quite competitive as compared to other real estate markets in U.S. The construction of new ambitious development projects has further contributed to its growth as one of the major commercial real estate centers.
Despite undertaking development projects, Charleston has not lost sight of its brilliant past. A curious mix of tradition and modernity bestows Charleston with a distinct charm of its own. This is further enhanced by the abundance of natural beauty as seen in the lush Sea Islands and the beaches. Commercial real estate developers have capitalized on this and have managed to sell many beachfront properties. The comparatively less developed and unexplored nature of these areas, gives an opportunity to people moving in there to build their own customized homes.
The presence of important educational institutions such as The College of Charleston and the Medical University of South Carolina, also account for the growth of the commercial real estate in Charleston South Carolina. Overall growth and the potential for development have paved the way for the booming commercial real estate in Charleston.
Charleston SC provides detailed information on Charleston SC, Charleston South Carolina Hotels, Charleston South Carolina Real Estate, Charleston South Carolina Restaurants and more. Charleston SC is affiliated with San Antonio Jobs.
Source: www.articlealley.com
