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Greenville Business Magazine

#YeahTHATAgenda: Greenville Named Top 10 Emerging Market, Pamela Evette, Men of Color Summit, Solar Powered Orangeburg, The Truth About Corn Syrup in Beer

Feb 05, 2019 09:20AM ● By Chris Haire
Greenville Named One of the 10 Emerging Industrial Markets to Watch in 2019: Thanks to the automotive industry, advanced manufacturing, and the rapidly growing logistics sector, the Greenville-Spartanburg-Anderson market is one of Colliers International's 10 Emerging Industrial Markets in 2019

While auto and advanced manufacturing have long been Upstate standbys, the logistics industry is in Colliers spotlight, with the commercial real estate company proclaiming, "Distribution companies are moving into the region in droves and setting up regional hubs to service a growing population." 

The move is led by the market's position on the I-85 corridor, as well as its connection to the Port of Charleston, thanks to the Inland Port of Greer. 

Right now, the report notes, 31 million people call the 250 mile radius around the GSA market home, while 1.8 million live within 50 miles of the center.  The total market figure is set to reach 34 million by 2023, just four years from now. 

Thanks to the logistics and manufacturing sectors, "More than 5.6 million square feet was absorbed in 2018, the second largest annual total in the past decade," Colliers notes, adding, "Since 2014, there have been more than 21 million square feet of occupancy gains, equal to 10% of the existing inventory."

Meanwhile. 6.9 million square feet of industrial space is currently under construction, the report notes, the second highest figure ever. 

Although asking rental rates are expected to rise over the next few years, Colliers says, they will "remain much lower than the national average for the foreseeable future."

Also making the 10 Emerging Industrial list: Las Vegas, Minneapolis, the I-4 Corridor in Florida, Seattle-Puget Sound, and Savannah, Ga.

The Solar Industry Is Booming In The Palmetto State, But Perhaps Nowhere Is The Market As Hot As It Is In Orangeburg (Columbia Business Monthly)

Sidewalk gap: New stretch can connect downtown to Swamp Rabbit Trail along Cleveland Street (Greenville News)

Hundreds Could Lose Paychecks: Uncertainty in the air for workers at SC’s largest coal burning power plant (Post and Courier)

West Main Artists Co-op and Converse College present workshop (Spartanburg Herald-Journal)

North Augusta man starts pedicab business (Aiken Standard)

The World Might Actually Run Out of People (Wired)

The Wire
River Street Sweets • Savannah’s Candy Kitchen Opens In Greenville Feb. 8

50 Most Influential
Pamela Evette
Quality Business Solutions  
President & CEO

Pamela Evette is the president and CEO of Quality Business Solutions (QBS). In 2018, she stepped into public service and will become the first female Republican lieutenant governor of South Carolina in 2019.
In 2018, QBS ranked sixth among S.C. 25 Fastest Growing Companies list and seventh among the 50 Fastest-Growing Women-Owned/Led Companies by Women Presidents’ Organization. QBS received the S.C. Excellence in Business Award and was honored as one of the best places to work in South Carolina. Evette was also a finalist in the EY Entrepreneur of the Year 2018 Southeast Awards program.
Evette served on South Carolina’s Small Business Regulatory Review Committee and on the boards of directors for the St. Francis Foundation and the National Association of Professional Employer Organizations. QBS supports multiple charities including St. Jude Children’s Hospital, Julie Valentine Center, Pendleton Place, and the Meyer Center.