https://www.lee-associates.com/greenville/wp-content/uploads/sites/38/2024/04/Artificial-Intelligence.mp4 AI: Reshaping Market Analysis and Investment AI’s profound impact on CRE begins with its ability to process and analyze vast datasets, enabling a level of market analysis and predictive forecasting previously unattainable. This capability not only empowers real estate professionals with greater insight but also paves the way for more strategic investment decisions. Predictive Analytics and Investment Insights Through the power of machine learning and predictive analytics, AI systems can identify patterns and trends…
Impact of Economic Changes on Commercial Real Estate
Property values in commercial real estate are highly sensitive to economic trends. In thriving economies, there’s an uptick in demand for commercial spaces, driving property values up. Greenville, SC, for instance, has seen a surge in its commercial property values, buoyed by a robust local economy, growing tech and manufacturing sectors, and an influx of new residents and businesses. This uptrend reflects in the rising prices of office spaces, retail locations, and industrial properties. Conversely,…
Industrial Real Estate along the I-85 Corridor: A Greenville, SC Market Analysis
The I-85 corridor has long been a pivotal artery for industrial and commercial real estate, with Greenville, SC, emerging as a hotspot for businesses seeking strategic distribution and manufacturing locations. The area’s appeal is bolstered by its proximity to major Southeastern cities like Charlotte and Atlanta, making it an ideal locale for distribution center operations. This trend was highlighted in the Q4 2023 market report, with significant leases such as Walgreens securing a 687,251 SF…
Enka Commerce Park: Class-A Industrial Hub in Candler, North Carolina
Phase II of the Enka Commerce Park is set to redefine industrial excellence in the heart of Candler, North Carolina. This Class-A industrial development is under construction and Building I is set to deliver in Q2 2024. Offering a prime location, state-of-the-art features, and a vision that extends beyond the traditional industrial space, the Enka Commerce Park is poised to become a central hub for industrial users. Let’s explore the key features and advantages of…
101 W Court Street: Your Ideal Downtown Greenville Office Space
Find the Perfect Office Space Finding the perfect office space can be a challenging endeavor, but when it comes to locating your business in the heart of downtown Greenville, 101 W Court Street offers an opportunity that’s simply too good to pass up. Situated in a highly desirable location, this Class A office space combines convenience and elegant design to create the perfect environment for your thriving business. The Perfect Location As the saying…
Darath Mackie Honored with NAR’s 2023 National Commercial Award
In a momentous achievement, Darath Mackie has been named one of the distinguished recipients of the National Association of Realtors (NAR) 2023 National Commercial Award. This prestigious accolade is part of NAR’s annual recognition program, celebrating REALTORS® who have demonstrated exceptional service and made significant contributions to the commercial real estate industry. Since its inception in 2006, NAR has acknowledged over 700 commercial members through the National Commercial Award, emphasizing the crucial role these professionals…
Lee & Associates Greenville / Spartanburg Celebrates Successful Sale of State-of-the-Art Class-A Industrial Building
November, 2023 (Spartanburg, SC) – Lee & Associates Greenville / Spartanburg is proud to announce the successful sale of a cutting-edge 226,800 square-foot Class-A industrial facility, marking a significant milestone in the region’s economic growth and a major advancement for the industrial sector in Upstate South Carolina. This institutional quality facility, strategically located on I-26 and within 3 miles of I-85, is nestled adjacent to an Amazon Fulfillment center, making it an ideal hub for…
The Haunting of Bad Commercial Real Estate Investments: A Halloween Story
Investing in commercial real estate can be an exciting and potentially lucrative endeavor. However, for those who make hasty or ill-informed decisions, it can turn into a haunting experience that leaves them with a property that feels more like a ghost town than a thriving asset. Let’s explore the chilling tales of bad commercial real estate investments and the lessons we can learn from them. The Ghostly Promise of Quick Returns One of the most…
September’s Featured Closed Deals
Lee & Associates Commercial Real Estate September Closed Deals As a leader in the Greenville and Spartanburg regions, our team has been hard at work, connecting clients with exceptional opportunities, and facilitating transactions that shape the landscape of commercial real estate in this thriving area. SEPTEMBER’S FEATURED DEAL Randall Bentley represented the Seller, Carroll Duckett Copeland as Trustee of the Copeland Stone Trust, in the 1,049.19 AC sale of land on Highway 76 in Joanna,…