Research & News

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LCK offers professional project management solutions for real estate development and renovation projects and is focused on protecting our owner’s interests. We are committed to providing you with data to ensure you make the best decision for your project. ​

2024 Year-End Construction Trends Report

Total construction starts across South Carolina rebounded from a 2023 slowdown, growing 28% in 2024 behind a booming manufacturing sector. Manufacturing starts rose across the state, nearly tripling in total value to $3.8B in 2024 from $1.3B in 2023 and just $249M in 2022. The education sector also saw substantial growth of 88% over relatively consistent low levels the prior three years. Healthcare and multi-family starts decreased slightly compared to previous years’ growth as the state’s COVID-era migration boom began to moderate.

2023 Year-End Construction Trends Report

South Carolina’s construction market continued to see growth in five of six sectors throughout the second half of 2023, surpassing 2022 by $2.36B. This is a 59% increase, continuing an upward trend over the past five years. Manufacturing experienced a dramatic increase at over five times the volume of 2022, doubling recent highs in 2018 and 2021. Warehouse construction bolstered continued growth accounting for 60% of the commercial sector, while multifamily continued a pattern of steady growth since 2019.

2023 Mid-Year Construction Trends Report

Manufacturing construction starts are up sharply year over year - 2023 statewide mid-year construction starts have surpassed 75% of 2022 construction starts with positive growth in all sectors.

2022 Mid-Year Construction Trends Report

South Carolina Construction Starts are Down - Mid-year statewide construction starts in key sectors totaled $1.4 billion, a $453 million decrease compared to mid-year 2021.

2021 Year-End Construction Trends Report

Material Availability and Cost Escalation Challenges Continue - $3.75B of construction was started in key sectors during 2021, an increase of almost$1B compared to 2020.

2021 Mid-Year Construction Trends Report

South Carolina Construction Starts and Costs are Rising - Mid-year statewide construction starts in key sectors totaled $1.85B, a $426M increase compared to mid-year 2020.

2020 Year-End Construction Trends Report

Construction starts trending upward after mid-year decline - During 2020, statewide construction starts decreased in four of six sectors as compared to 2019.

2020 Mid-Year Construction Trends Report

South Carolina Construction Starts Decline - Statewide construction starts have decreased in four of six sectors compared to mid-year 2019.

News you can use

How the Construction Industry Is Being Impacted by the Coronavirus and Steps To Minimize Its Influence On Individual Projects

The effects of the coronavirus, COVID-19, are being felt in South Carolina with a growing uncertainty regarding the virus and its ancillary effects on the economy.

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Featured South Carolina commercial real estate reports

In partnership with Colliers International | South Carolina, our research team collaborates with commercial real estate brokerage experts to produce market data that spans every major property type and market in South Carolina and around the southeast.

With conditions constantly changing, we provide the timely market insights you need to stay a step ahead and make the most of your commercial property and real estate investments.

South Carolina

Quarterly Office Market Reports

Charleston, Columbia and Greenville-Spartanburg

South Carolina

Quarterly Industrial Market Reports

Charleston, Columbia and Greenville-Spartanburg

South Carolina

Quarterly Retail Market Reports

Charleston, Columbia and Greenville-Spartanburg

News & Highlights

Joel Hansen joins LCK as Project Manager

LCK is pleased to announce that Joel Hansen has joined the Company as Project Manager in the Columbia office. In this role, Hansen will serve LCK’s clients through the management of their construction and renovation projects. He will lead teams of contractors, architects, engineers and consultants, ensuring budgets and timelines are effectively overseen.

Dave Detwiler joins LCK as Vice President

LCK is pleased to announce that Dave Detwiler has joined the leadership team of the company as Vice President and he will be located in the Columbia office. In this role, Detwiler will assist existing leadership in providing executive direction for the LCK team in the delivery of project management services across South Carolina.

LCK promotes Doug Vincent to Senior Project Manager

LCK is pleased to announce Doug Vincent’s promotion to Senior Project Manager. Vincent has been part of the LCK upstate team since joining the firm in early 2020 and has led numerous projects to successful completion during his tenure.

LCK to Serve as Project Management Lead for Greenville Spartanburg International Airport

LCK has been selected to serve as the owner’s representative and project management lead for the development of the Greenville Spartanburg International Airport (“GSP”) Parking Garage C and the Consolidated Rental Car (CONRAC) Facility, which will be located adjacent to the terminal building. ​

Tyler Self receives 2020 Rising Star Award

The Rising Star Award recognizes staff members who have less than three years’ tenure at Colliers, perform in an exemplary manner, demonstrate a desire to attain or are pursuing a professional designation, are active in industry groups and/or civic groups in the community and live the company's core values of service, expertise, community, fun, integrity and collaboration