Half our readers knew what the 2% rule in commercial real estate typically suggests.
For the other half, we’ll make it quick: The 2% rule is a real estate gut-check. If a property’s monthly rent is about 2% of what you paid for it (including any upfront repairs), it might be a solid cash-flow play.
Listed
Office, for lease
260 W. Coleman Blvd. | ~1,949 sqft | $1,000/sqft annually (NNN) | Class A office space with flexible layouts, modern finishes, and ample parking in a high-visibility Mount Pleasant corridor near Shem Creek.
18 Broad St. | 550+ sqft | $995+/month | Executive office suites in a historic downtown Charleston building with high ceilings, private offices, conference rooms, and premium Broad Street views suited for professional services.
174 Meeting St., Suite 300 | 14,502 sqft | $42/sqft (full service) | Class A office space in Charleston’s Historic District with modern finishes, adjacent parking, and walkable access to dining, retail, and hotels in a premier downtown location.
Commercial, for sale
645 E. Bay St. | 3,018 sqft | $1.45 | Mixed-use development opportunity with plans for office and residential units, offering harbor views and prime frontage along East Bay Street in Charleston’s urban core.
2137 Savannah Hwy. | 23,983 sqft | $8.7 | Large-format showroom and flex space with drive-in doors and strong frontage along Hwy 17, suited for owner-user or investment in a high-traffic West Ashley corridor near major redevelopment projects.
Polestar will exclusively build its Polestar 3 at Volvo’s South Carolina plant.
Photo by CHStoday
Manufacturing
Polestar will exclusively produce its Polestar 3 at Volvo Cars’ plant near Charleston. Why it matters: The move further solidifies the Lowcountry as a growing EV manufacturing hub and could support local jobs, supply chain activity, and long-term investment in the region. (The Post and Courier)
Biz
A major supplier serving independent restaurants in Charleston is being acquired by one of the industry’s largest distributors. Sysco Corp. recently announced a $29 billion deal to buy the owner of Restaurant Depot, expanding its reach among budget-focused eateries. (The Post and Courier)
Small Biz
1st Choice AC, Heating, Plumbing, and Gas is celebrating its fifth anniversary with a monthlong campaign, including weekly giveaways, team highlights, and local philanthropy. The company will host weekly giveaways offering $50 gas gift cards to its Facebook and Instagram followers as part of the celebration.
Transit
Commuters beware: SC’s hands-free driving law is triggering thousands of tickets across the state. Charleston County reported 470 citations last month — the most in the state. So, if you’re taking a call from the car today, just be sure you’re not actually touching the phone. (The Post and Courier)
Development
The 1,200-space parking lot near Hagood Avenue may become affordable housing. Nearby stakeholders — including the RiverDogs, MUSC, and The Citadel — raised concerns about parking loss, though the city says changes won’t begin until next year and is exploring transit and replacement parking options. (The Post and Courier)
Health
Roper St. Francis Healthcare has begun construction on a 68,000-sqft Health Pavilion in Mount Pleasant. The facility will offer services including emergency care, imaging, women’s health, and oncology. (SC Biz)
Job
MUSC is hiring a Director of Development – Foundation. The role will lead major gift fundraising strategy, manage donor relationships, and drive philanthropic support for academic, research, and institutional priorities. Apply online.
Events
Agenda
We’re on the lookout for top networking events each week. If you have any to share, please reply to this email or add your event to our website.
Editor’s Picks
SBIOI Networking Social | Wednesday, April 8 | 4-6 p.m. | Freehouse Brewery | $25+ | A professional networking event hosted by AFCEA, CDCA, and WID bringing together leaders across government, defense, and industry.
Women of Distribution | Thursday, April 9-Friday, April 10 | Times vary | 75 Wentworth St. | $2,500 | Brainstorm, network, and problem-solve with other high-achieving women.
If you’re job hunting, one of the best things you can do is learn a new skill. Every time I’ve been between roles, I’ve invested in my development — and it’s always paid off.
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