2021 South Carolina Commercial Real Estate Market Leaders
This month, we’re pleased to bring you our annual real estate report.
Inaugural 2021 South Carolina Commercial Real Estate Market Leaders are presented by Greenville Business Magazine, Columbia Business Monthly and Charleston Business Magazine and ReSimplifi. We have acknowledged the SC CRE Market Leaders in both sold (based on dollar sales) and leased (based on square feet leased) in 2020 in the following categories: health care, industrial, land, multifamily, office and retail.
We also have an Overall Individual and Overall Team compromised from all categories.
In addition, commercial real estate transactions give us good insight into our state’s economy. When properties are sold and leased it gives us a good gauge of business confidence and the value of real estate in South Carolina. The following brokers are not just selling and leasing properties. They market our state as a great place to conduct business and drive the economy forward.
A recent example: A groundbreaking ceremony in March officially signaled the start of construction of the BullStreet District’s 79,000-square-foot WestLawn office building, the first mass timber office building in Columbia and largest office building of its kind in South Carolina.
WestLawn will be ready for occupancy in April 2022. Hughes Development Corp., master developer of the BullStreet District, is the developer and leasing agent of WestLawn. Leaders from Hughes Development Corporation were joined by Columbia Mayor Steve Benjamin and other local leaders from government, business and the community to celebrate the commencement of the project.
Meanwhile, Wells Fargo Securities economists and analysts say robust GDP growth should help CRE conditions improve in 2021.
Economists Mark Vitner and Charlie Dougherty and analyst Nicole Cervi wrote in a recent research report that national sector highlights include:
Demand for multifamily properties appears to be normalizing following last spring’s disruptions. The apartment vacancy rate increased to 6.9 percent in Q4.
The shift to remote work is weighing on demand for office space. In the fourth quarter, office vacancy rates jumped to 11.2 percent, the highest since 2014. Sublet space continues to flood many markets, so effective vacancy rates are likely higher than reported.
Retail property prices sank 1.8 percent year-over-year in January. Weakness has been mostly concentrated in large, globally connected markets, which have been disproportionately affected by the pandemic.
The industrial sector continues to benefit from soaring e-commerce sales as well as increased demand for warehouses and distribution facilities. The industrial vacancy rate fell to 5.6 percent in Q4.
Hotel occupancy rates have recently begun to climb higher, but they remain well below prior-year levels. Leisure travel is recovering ahead of business travel, which is expected to recover much more slowly.
After a difficult year, South Carolina is moving forward.
That’s to be celebrated.
Market Leaders List
***INDUSTRIAL***
Sold
Top Individual
• Cameron Vale / Berkshire Hathaway
Top Team
• Colliers / Garrett Scott, Brockton Hall, John Montgomery
Additional Market Leaders
• Thomas Beard / Colliers
• Rob Brissie / Cardinal Commercial
• Coleman Davis / Cypress
• John Gray / NAI Earle Furman
• John Gregory / NAI Columbia
• Tony Hanna / Carolinas Retail Partners
• James Harrison III / Cypress
• Jeff Hein / NAI Columbia
• Alex Johnston / NAI Columbia
• Hance Jones / Carolinas Retail Partners
• Dail Longaker / Trinity Partners
• Macon Lovelace / Trinity Partners
• Dave Matthews / Colliers
• George Meetze / ROI Commercial
• John Peebles / Colliers
• Michael Roth / NAI Earle Furman
• Chuck Salley / Colliers
• Drew Stamm / NAI Earle Furman
• Nick Stomski / Trinity Partners
• Dillon Swayngim / Colliers
• Parker Sweet / Berkshire Hathaway
Leased
Top Individual
• Nick Stomski / Trinity Partners
Top Team
• Colliers / Dave Matthews, Thomas Beard, John Peebles, Chuck Salley
Additional Market Leaders
• Ford Borders / NAI Earle Furman
• Ben Brantley / CBRE
• Grant Butler / Colliers
• Patrick Chambers / NAI Columbia
• Mark Erickson / Colliers
• John Gray / NAI Earle Furman
• John Gregory / NAI Columbia
• Brockton Hall / Colliers
• Grice Hunt / NAI Earle Furman
• Ben Kelly / NAI Columbia
• John Montgomery / Colliers
• Keith Moore / CBRE
• Matthew Pickard / Colliers
• Michael Roth / NAI Earle Furman
• Garrett Scott / Colliers
• Drew Stamm / NAI Earle Furman
• Dillon Swayngim / Colliers
• Clay Williams / NAI Earle Furman
***HEALTHCARE***
Sold
Top Individual
• Macon Lovelace / Trinity Partners
Top Team
NO TOP TEAM
Additional Market Leaders
• Dail Longaker / Trinity Partners
• Nick Stomski / Trinity Partners
Leased
Top Individual
• Macon Lovelace / Trinity Partners
Top Team
NO TOP TEAM
Additional Market Leaders
• Cole Morris / NVR part of Ryan Homes
• Nick Stomski / Trinity Partners
***LAND***
Sold
Top Individual
• Craig Waites / Colliers
Top Team
• NAI Columbia / Tom Milliken, Tombo Milliken
Additional Market Leaders
• Tripp Bradley / Colliers
• William Bunch / Wilson Kibler
• Frank Hammond / Colliers
• Rusty Hamrick / NAI Earle Furman
• Neel Keenan / Colliers
• Rob Lapin / Trinity Partners
• Dail Longaker / Trinity Partners
• Ryan McCue / Colliers
• Rox Pollard / Colliers
• Chuck Salley / Colliers
• Nick Stomski / Trinity Partners
• Tripp Taylor / NAI Earle Furman
• Joe Teague / Berkshire Hathaway
• Julian Wilson / Wilson Kibler
• Dallas Wright / NAI Earle Furman
Leased
Top Individual
• George McCutchen / Wilson Kibler
Top Team
• Wilson Kibler / Julian Wilson, William Bunch
Additional Market Leaders
• Pendleton Grove
***MULTIFAMILY***
Sold
Top Individual
•Buddy John / Colliers
Top Team
NO TOP TEAM
Additional Market Leaders
• Peter Brett / Coldwell Banker Commercial
• David Sigmon / Pintail Capital Partners
• Matthew Vanvicl / Pintail Capital Partners
Leased
Top Individual
• Cam Kreps / NAI Columbia
Top Team
NO TOP TEAM
Additional Market Leaders
• Peter Brett / Coldwell Banker Commercial
• David Sigmon / Pintail Capital Partners
• Matthew Vanvicl / Pintail Capital Partners
***OFFICE***
Sold
Top Individual
• Paul Hartley / Trinity Partners
Top Team
• NAI Columbia / Bobby Balboni, Patrick Palmer
Additional Market Leaders
• Brantley Anderson / Colliers
• Taylor Allen / Colliers
• Tripp Bradley / Colliers
• Matt Carter / Berkshire Hathaway
• Marie Dieckmann / CBRE
• Earle Furman / NAI Earle Furman
• Steve Greer / Berkshire Hathaway
• Frank Hammond / Colliers
• Tony Hanna / Carolinas Retail Partners
• Bruce Harper / Trinity Partners
• Tommy Johnson / Colliers
• Hance Jones / Carolinas Retail Partners
• Macon Lovelace / Trinity Partners
• Dail Longaker / Trinity Partners
• Martin Moore / CBRE
• Nick Stomski / Trinity Partners
• Mary Winter Teaster / Colliers
• Bailey Tollison / Colliers
Leased
Top Individual
• Tommy Johnson / Colliers
Top Team
• NAI Earle Furman / McNeil Epps, Keith Jones
Additional Market Leaders
• Brantley Anderson / Colliers
• Taylor Allen / Colliers
• Peyton Bryant / NAI Columbia
• Lee Bussell / Wilson Kibler
• William Ederle / Colliers
• Katherine Fulmer / NAI Earle Furman
• John Gregory / NAI Columbia
• Bruce Harper / Trinity Partners
• Paul Hartley / Trinity Partners
• Jeff Hein / NAI Columbia
• Alex Irwin / Colliers
• Markus Kastenholtz / Colliers
• George McCutchen / Wilson Kibler
• Kevin Pogue / NAI Earle Furman
• Rox Pollard / Colliers
• Henry Roe / Colliers
• Kristie Roe / Colliers
• Nick Stomski / Trinity Partners
• Hunter Suggs / Colliers
• Bailey Tollison / Colliers
• Phillip Vann / Cushman & Wakefield
• Allen Wilkerson / Colliers
• Roger Winn / Trinity Partners
***RETAIL***
Sold
Top Individual
• James Harrison III / Cypress
Top Team
• NAI Earle Furman/Columbia / Brain Hammond, Jonathan Good
Additional Market Leaders
• Tipp Bradley / Colliers
• Sherri Burriss / ROI Commercial
• Greyson Furnas / Colliers
• Bruce Harper / Trinity Partners
• Markus Kastenholtz / Colliers
• Haskell Kibler / Wilson Kibler
• Rob Lapin / Trinity Partners
• Dail Longaker / Trinity Partners
• Cole Morris / NVR
Leased
Top Individual
• James Harrison III / Cypress
Top Team
Colliers / Scott Burgess, Lance Byars
Additional Market Leaders
• John Bauknight / NAI Earle Furman
• Sherri Burriss / ROI Commercial
• Danny Bonds / Colliers
• Andrew Hewitt
• Shane Knight
• Nick Stomski / Trinity Partners