New report, same conclusion: Charleston area is growing fast

The Post and Courier
David Wren
February 7, 2017

The manufacturing industry – such Volvo‘s first U.S. car plant under construction in rural Berkeley County – is expanding the Charleston region’s perceived geographic limits as the area firmly establishes itself as one of the Southeast‘s fastest-growing markets, according to a new report by the commercial real estate firm CBRE Inc.

Volvo, which will open its $500 million facility near Ridgeville in 2018, expects to attract suppliers and other industry to the expanding Interstate 26 corridor northwest of Charleston, while existing area employers such as Mercedes-Benz Vans, in the midst of a $500 million expansion, and Boeing are spurring new retail and residential projects farther away from the high land costs closer to the peninsula.

The manufacturing resurgence is giving the Charleston region a more diversified economic base and lessening its reliance on tourism, still a robust sector.

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