Charleston

South Carolina

Charleston, SC

The Charleston market is experiencing exploding growth in knowledge-based occupations at rates better than even the State of South Carolina or the nation.

The Port of Charleston serves more than 150 countries and is one of the most productive ports in the world.

A key economic engine for South Carolina, nearly $12 billion in wages and more than 260,000 jobs are related to the Port. The Port has the ability to host Post-Panamax vessels, the largest shipping vessels in the world. The military and healthcare are two more important industries to the Charleston economy, contributing $3 billion and $2.3 billion annually to the economy respectively. The military employs over 22,000 in the region and represents almost every agency in the U.S. Department of Defense and Homeland Security. In healthcare, over 20,000 are employed in four major hospital systems, with over 800 degrees awarded each year from the Medical University of South Carolina.

The economic drivers in Charleston are diverse, and include creative industries, healthcare, higher education, military, power systems, and tourism. Since being named by Conde Nast Traveler as the “Best City in the World”, the importance of the Travel Industry cannot be understated. Travel and Leisure readers recenlty named Charleston the No. 1 U.S. city for the 7th year in a row. The more than 4 million visitors each year provide an economic impact in excess of $3 billion. 

Information compiled from www.crda.org

Benjamin L. Peden

Assistant Portfolio Manager

Brady Dashiell

Associate

Ed Kercher, SIOR

Senior Vice President, Managing Broker

Karen Colburn

Office Administrator

Karri A. Whitwood

Senior Portfolio Manager

Nick Tanana

Vice President

Philip Owens

Vice President

Fast Facts


MSA:

  • Population: 798,105
  • Median Age: 37.3
  • Median Household Income: $61,409
  • Employment: 398,707
  • Unemployment Rate: 3.4%
  • GDP: $42 building

Major Employers


Company Estimated Employment
Joint Base Charleston 22,000
Medical University of South Carolina 13,000
The Boeing Company 7,000
Charleston County School District 5,000-6,999
Roper St. Francis Healthcare 5,000-6,999
Berkeley County School District 5,000-6,999
Trident Health System 2,000-2,999
Robert Bosch LLC 2,000-2,999
IHG (InterContinental Hotels Group) 1,000-1,999
Blackbaud, Inc. (software development) 1,000-1,999

 Information compiled from www.crda.org, U.S. Bureau of Economic Analysis, and ESRI ArcGIS.