The Current State of Commercial Real Estate In Greenville, SC

Greenville, SC is becoming a hot spot for businesses and families alike to re-locate. Great climate, low cost of living, wonderful downtown, and full of big city amenities without all the hassles of large metropolis. If you a thinking of relocating a business to Greenville you need to understand the current state of the commercial property markets and the areas of town that provide you new business with the best opportunities to thrive. When selecting and area for making your next commercial real estate investment; one major criteria is to look at whether or not that geographic regions shows signs of a strong vibrant economy and pro-business environment despite the current Economy in the US. One of those places is Greenville,SC: Recently in an article (April 17, 2012) CNN money ranked Greenville ninth nationwide as one of the fastest growing U.S.cities. In the May 2012 it was named as one of America's Greatest Main Streets by Travel & Leisure. There are many other elements that make Greenville very attractive for potential investors or organizations looking to move into the area. Some additional favorable business climate facts regarding Greenville and South Carolina as a whole:

Greenville named in Forbes Magazine's as the #1 place for jobs spring 2012!
Greenville/Spartanburg area ranked #1 for Emerging Logistics /Distribution Growth Centers. Business Facilities 2011
Greenville ranked # 1 among "micro cities of the future," which includes cities with a population under 100,000 residents -FDI Magazine's "2009/2010 North American Cities of the Future"
Greenville ranked in "30 Best Cities for Jobs" -Manpower Economic Outlook Survey 2011
South Carolina ranked # 3 for "Economic Growth Potential" -Business Facilities 2011
Greenville also is home to some major corporations which have headquarters in the Greenville Upstate region such as BMW, Michelin, GE, Hubbell Lighting, Fluor, Lockheed Martina, Cryovac, SYNNEX, ScanSource, and also home to Clemson University's International Center for Automotive Research (ICAR), one of the most advanced-technology automotive research campuses in the country.

Along with the great business climate Greenville and current thriving economy; some other factors to consider regarding a commercial real estate investment in the area pertain to cost of living, education, quality of life, and climate. Below are some other highlights of the Upstate area:

Top 10 Most Affordable Cities for 2010 (City of Greenville) -Relocate America
Greenville,SC listed in the 10 best places to live in the U.S.-Relocate America 2011
Home to 13 national Blue Ribbon Schools of Excellence
Home to one of the Top 15 Charter Schools in the nation
Due to simple fact of the geographic location of Greenville area it makes is a top destination to relocate: Positioned just below the Blue Ridge Mountains (1 hr drive to Asheville, NC) and just a couple hours away from the beautiful beaches on the South Carolina coast.

Now that we outlined several reasons why the area is a great place to invest in commercial real estate there are a couple of basic difference to point out regarding commercial vs. residential properties.

Commercial property is valued differently. Income produced from it typically based on the usable square footage. This tends not to be the case with residential properties.
Commercial real estate will help individuals diversify their risk. As an example if you own a row of business offices units in a business park and lose 5 tenants out of 50 then you loose 10% of the income produced compared to a single family residential property, if you that tenant moves out you loose the entire portion of income. The flow of cash can be larger with commercial property. As stated before if you lease multi commercial real estate, you obviously have more tenants to produce income than a single family residential home. Lease or rentals on commercial is typically a much longer period which in turns helps with forecasting and revenue flow. The bottom line is that commercial real estate greenville sc is very strong compared to many other parts of the country due to the fact that the economic climate is vibrant, south carolina as a whole is promoting a pro growth environments for businesses to relocate here and the quality of life and things to do for you and family are second to none.

KDS Commercial Properties provides full-service, comprehensive commercial real estate brokerage and greenville sc commercial real estate development services primarily in the Upstate of South Carolina. Our values of integrity, honesty and professionalism, have earned our client's trust and thus has become the foundation of our success. We continually strive to achieve 100% customer satisfaction, thus maximizing our client's value and position in all transactions. The principals of KDS are Greenville natives and are not only very familiar with the Upstate's growth over the years, but passionate about maintaining the quality of life that has lured so many to the area.