ABBEVILLE ABSORPTION Manufacturing 11 1,791,876 141,000-141,000 7.87% - $3.75 Warehouse 7 346,350 60,000-60,000 17.32% - - Abbeville Total 18 2,138,226 201,000-201,000 9.40% - $3.75 AIKEN Flex/R&D 1 14,250 - - - 0.00% - - Manufacturing 31 4,498,870 115,824-115,824 2.57% 900 $3.24 Warehouse 61 3,215,841 464,436-464,436 14.44% 3,387 $3.08 Aiken Total 93 7,728,961 580,260-580,260 7.51% 4,287 $3.13 ALLENDALE Manufacturing 5 940,940 101,300-101,300 10.77% - $1.00 Warehouse 1 40,000 40,000-40,000 100% - - Allendale Total 6 980,940 141,300-141,300 14.40% - $1.00 ANDERSON Flex/R&D 8 176,456 38,960-38,960 22.08% 6,500 $11.23 Manufacturing 24 2,999,746 102,920-102,920 3.43% - $3.95 Warehouse 271 18,117,742 821,445-821,445 4.53% 25,600 $2.84 Anderson Total 303 21,293,944 963,325-963,325 4.52% 32,100 $3.56 BAMBERG Manufacturing 3 435,861 - - - 0.00% - - Warehouse 5 177,077 105,922-105,922 59.82% - - Bamberg Total 8 612,938 105,922-105,922 17.28% - - BARNWELL Manufacturing 7 1,864,132 - - - 0.00% - - Warehouse 10 433,222 - - - 0.00% - - Barnwell Total 17 2,297,354 - - - 0.00% - - BEAUFORT Flex/R&D 4 64,416 2,785-2,785 4.32% -2,785 $20.00 Manufacturing 3 145,096 83,960-83,960 57.87% - - Warehouse 99 1,851,415 140,559-140,559 7.59% 2,176 $5.28 Beaufort Total 106 2,060,927 227,304-227,304 11.03% -609 $6.40 BERKELEY Flex/R&D 29 1,757,855 99,362 99,362 5.65% 10,732 $11.20 Manufacturing 36 4,302,999 280,000-280,000 6.51% 570,785 $1.50 Warehouse 186 15,228,964 1,521,537 100,000 1,621,537 10.65% -57,585 $4.35 Berkeley Total 251 21,289,818 1,900,899 100,000 2,000,899 9.40% 523,932 $4.05 CALHOUN Flex/R&D 1 10,800 - - - 0.00% - - Manufacturing 6 406,156 180,019-180,019 44.32% - $3.60 Warehouse 7 435,673 - - - 0.00% - - Calhoun Total 14 852,629 180,019-180,019 21.11% - $3.60 In January 2017, Colliers International benchmarked its industrial data set statewide. The new standard for collection is all industrial buildings 10,000 square feet or larger that can be readily adapted to an alternative industrial use. All properties were placed into a revised set of markets and submarkets and divided into three categories. Warehouse/Distribution, a facility primarily used for the storage or distribution or both of materials, goods and merchandise. Manufacturing, a facility used for the conversion, fabrication or assembly of raw or partly wrought materials into products or goods. Flex/R&D, a building designed to be used in a variety of ways with at least 30% of the rentable building area used as office. It is usually located in an industrial park setting. Specialized flex buildings can include service centers, showrooms, offices, warehouses and more. Due to the adjustments of the building inventory, comparison of data included in previously published market reports should be avoided. 1 South Carolina Industrial Colliers International
CHARLESTON ABSORPTION Flex/R&D 66 2,013,004 176,975 8,731 185,706 9.23% 2,016 $9.38 Manufacturing 60 3,178,526 362,518 28,245 390,763 12.29% 38,045 $4.65 Warehouse 528 18,350,661 1,633,104 236,772 1,869,876 10.19% 171,545 $5.82 Charleston Total 654 23,542,191 2,172,597 273,748 2,446,345 10.39% 211,606 $5.91 CHEROKEE Manufacturing 4 81,889 2,000-2,000 2.44% 3,000 $3.00 Warehouse 69 8,607,499 598,133-598,133 7.41% 408,342 $3.65 Cherokee Total 73 8,149,388 600,133-600,133 7.36% 411,342 $3.65 CHESTER Flex/R&D 2 24,000 12,000-12,000 50.00% - $9.00 Manufacturing 23 4,226,556 627,241 236,210 863,451 20.43% - - Warehouse 21 1,829,280 865,141-865,141 47.29% -58,825 $4.25 Chester Total 46 6,079,836 1,504,382 236,210 1,740,592 28.63% -58,825 $5.05 CHESTERFIELD Manufacturing 9 1,337,003 282,820-282,820 21.15% - $1.11 Warehouse 20 1,599,643 123,500-123,500 7.72% 52,284 $5.89 Chesterfield Total 29 2,936,646 406,320-406,320 13.84% 52,284 $1.20 CLARENDON Manufacturing 9 722,117 22,560-22,560 3.12% 99,100 $1.08 Warehouse 10 426,532 - - - 0.00% - - Clarendon Total 19 1,148,649 22,560-22,560 1.96% 99,100 $1.08 COLLETON Manufacturing 9 1,072,985 31,592-31,592 2.94% - $3.50 Warehouse 14 665,437 10,262-10,262 1.54% 57,600 - Colleton Total 23 1,738,422 41,854-41,854 2.41% 57,600 $3.50 DARLINGTON Manufacturing 4 227,621-57,120 57,120 25.09% - - Warehouse 26 1,443,880 146,280-146,280 10.13% 15,000 $2.80 Darlington Total 30 1,671,501 146,280 57,120 203,400 12.17% 15,000 $2.80 DILLON Manufacturing 4 1,084,664 - - - 0.00% - - Warehouse 19 2,149,040 403,846-403,846 18.79% - $3.00 Dillon Total 23 3,233,704 403,846-403,846 12.49% - $3.00 DORCHESTER Flex/R&D 7 217,617 77,419-77,419 35.58% 32,715 $5.25 Manufacturing 34 2,065,359 36,500-36,500 1.77% - $5.95 Warehouse 93 3,909,739 130,660-130,660 3.34% 32,909 $7.15 Dorchester Total 134 6,192,715 244,579-244,579 3.95% 65,624 $6.13 2 South Carolina Industrial Colliers International
EDGEFIELD ABSORPTION Flex/R&D 1 11,250 - - - 0.00% - - Manufacturing 7 1,120,896 675,500-675,500 60.26% - $1.91 Warehouse 16 1,196,117 36,000 36,000 3.01% - $2.82 Edgefield Total 24 2,328,263 711,500 711,500 30.56% - $1.95 FAIRFIELD Manufacturing 9 740,487 200,000-200,000 27.01% 21,415 $2.00 Warehouse 9 988,176 51,225-51,225 5.18% 50,750 $2.27 Fairfield Total 18 1,728,663 251,225-251,225 14.53% 72,165 $2.06 FLORENCE Flex/R&D 3 35,791 4,550-4,550 12.71% - $7.31 Manufacturing 38 4,620,778 1,447,148-1,447,148 31.32% - $2.81 Warehouse 126 4,805,544 293,686-293,686 6.11% 204,501 $2.73 Florence Total 167 9,462,113 1,745,384-1,745,384 18.45% 204,501 $2.83 GEORGETOWN Flex/R&D 2 22,178 - - - 0.00% - - Manufacturing 13 1,782,829 147,850-147,850 8.29% - - Warehouse 38 1,808,972 467,200-467,200 25.83% - $2.24 Georgetown Total 53 3,613,979 615,050-615,050 17.02% - $2.24 GREENVILLE Flex/R&D 88 2,567,739 303,020-303,020 11.80% 50,189 $8.64 Manufacturing 96 3,088,888 329,640-329,640 10.67% -51,000 $4.10 Warehouse 1,140 62,742,007 3,302,322 27,800 3,330,122 5.31% -247,877 $3.40 Greenville Total 1,324 68,398,634 3,934,982 27,800 3,962,782 5.79% -248,688 $3.82 GREENWOOD Flex/R&D 2 34,528 3,000-3,000 8.69% - $3.20 Manufacturing 20 2,942,023 - - - 0.00% 116,000 - Warehouse 34 1,180,514 74,700-74,700 6.33% 140,409 - Greenwood Total 56 4,157,065 77,700-77,700 1.87% 256,409 $3.20 HAMPTON Manufacturing 2 63,855 - - - 0.00% - - Warehouse 7 285,725 122,225-122,225 42.78% -36,000 $3.36 Hampton Total 9 349,580 122,225-122,225 34.96% -36,000 $3.36 HORRY Flex/R&D 2 20,580 - - - 0.00% - - Manufacturing 27 2,182,697 86,000-86,000 3.94% - $3.38 Warehouse 238 6,425,841 345,250-345,250 5.37% -12,825 $5.55 Horry Total 267 8,629,118 431,250-431,250 5.00% -12,825 $5.12 JASPER Flex/R&D 4 93,900 10,800-10,800 11.50% 6,600 - Manufacturing 6 423,789 - - - 0.00% - - Warehouse 50 1,410,239 - - - 0.00% - - Jasper Total 60 1,927,928 10,800-10,800 0.56% 6,600-3 South Carolina Industrial Colliers International
KERSHAW ABSORPTION Manufacturing 17 1,550,896 81,366-81,366 5.25% - $2.80 Warehouse 40 4,396,899 25,326-25,326 0.58% - - Kershaw Total 57 5,947,795 106,692-106,692 1.79% - $2.80 LANCASTER Flex/R&D 1 51,000 51,000-51,000 100% - $12.38 Manufacturing 19 2,186,139 145,161 104,412 249,573 11.42% - - Warehouse 47 1,815,235 30,000-30,000 1.65% 69,900 - Lancaster Total 67 4,052,374 226,161 104,412 330,573 8.16% 69,900 $12.38 LAURENS Manufacturing 10 858,146 55,400-55,400 6.46% - - Warehouse 77 10,959,863 167,407-167,407 1.53% 10,517 $2.50 Laurens Total 87 11,818,009 222,807-222,807 1.89% 10,517 $2.50 LEE Manufacturing 6 708,115-40,000 40,000 5.65% -40,000 - Warehouse 6 187,740 - - - 0.00% - - Lee Total 12 895,855-40,000 40,000 4.47% -40,000 - LEXINGTON Flex/R&D 27 670,905 95,803-95,803 14.28% -15,000 $10.78 Manufacturing 72 4,962,302 123,200-123,200 2.48% 11,689 $2.00 Warehouse 270 12,279,789 638,781-638,781 5.20% 31,768 $4.72 Lexington Total 369 17,912,996 857,784-857,784 4.79% 28,457 $5.09 MARION Flex/R&D 1 16,291 - - - 0.00% - - Manufacturing 12 2,645,417 530,000-530,000 20.03% - $0.78 Warehouse 34 2,245,869 658,397-658,397 29.32% - $1.50 Marion Total 47 4,907,577 1,188,397-1,188,397 24.22% - $0.93 MCCORMICK Warehouse 2 35,000 - - - 0.00% - - McCormick Total 2 35,000 - - - 0.00% - - NEWBERRY Flex/R&D 1 15,000 - - - 0.00% - - Manufacturing 4 891,744 189,600-189,600 21.26% - $3.75 Warehouse 19 891,316 89,235-89,235 10.01% - $3.50 Newberry Total 24 1,798,060 278,835-278,835 15.51% - $3.70 OCONEE Manufacturing 7 173,945 - - - 0.00% - - Warehouse 46 3,907,437 308,920-308,920 7.91% - $2.44 Oconee Total 53 4,081,382 308,920-308,920 7.57% - $2.44 ORANGEBURG Flex/R&D 3 81,223 29,150-29,150 35.89% - - Manufacturing 38 4,607,413 638,610-638,610 13.86% - $2.54 Warehouse 80 4,645,697 793,944-793,944 17.09% -8,063 $3.69 Orangeburg Total 121 9,334,333 1,461,704-1,461,704 15.66% -8,063 $3.08 4 South Carolina Industrial Colliers International
PICKENS ABSORPTION Flex/R&D 1 39,500 22,616-22,616 57.26% -22,616 $4.60 Manufacturing 14 788,192 48,736-48,736 6.18% - - Warehouse 74 4,606,596 310,000 15,000 325,000 7.06% 19,000 $2.75 Pickens Total 89 5,434,288 381,352 15,000 396,352 7.29% -3,616 $2.88 RICHLAND Flex/R&D 49 1,472,904 222,262-222,262 15.09% -7,299 $8.45 Manufacturing 81 6,021,651 450,012-450,012 7.47% -38,018 $3.62 Warehouse 435 15,588,126 1,757,536 22,896 1,780,432 11.42% 65,321 $3.55 Richland Total 565 23,082,681 2,429,810 22,896 2,452,706 10.63% 19,914 $4.10 SALUDA Manufacturing 2 150,929 - - - 0.00% - - Warehouse 3 271,550 75,000-75,000 27.62% - $1.95 Saluda Total 5 422,479 75,000-75,000 17.75% - $1.95 SPARTANBURG Flex/R&D 52 1,649,999 164,160-164,160 9.95% -32,850 $6.98 Manufacturing 127 4,920,488 123,200-123,200 2.50% 47,000 $3.17 Warehouse 778 60,921,861 4,498,155 369,064 4,867,219 7.99% -136,458 $3.06 Spartanburg Total 957 67,492,348 4,785,515 369,064 5,154,579 7.64% -122,308 $3.15 SUMTER Flex/R&D 1 104,600 - - - 0.00% - - Manufacturing 25 1,906,678 173,832-173,832 9.12% 21,000 $2.96 Warehouse 49 3,269,569 226,916-226,916 6.94% - $2.24 Sumter Total 75 5,280,847 400,748-400,748 7.59% 21,000 $2.87 UNION Warehouse 28 3,910,010 20,000-20,000 0.51% -20,000 - Union Total 28 3,910,010 20,000-20,000 0.51% -20,000 - WILLIAMSBURG Manufacturing 3 1,123,054 - - - 0.00% - - Warehouse 10 585,936 - - - 0.00% - - Williamsburg Total 13 1,708,990 - - - 0.00% - - YORK Flex/R&D 10 302,052 16,278-16,278 5.39% - $13.00 Manufacturing 63 4,912,297 67,200-67,200 1.37% 48,900 - Warehouse 240 20,855,180 725,558 32,984 758,542 3.64% 304,503 $6.32 York Total 313 26,069,529 809,036 32,984 842,020 3.23% 353,403 $6.65 MARKET TOTALS 6,709 408,728,685 31,295,457 1,279,234 32,574,691 7.97% 1,964,807 $3.66 5 South Carolina Industrial Colliers International
400 offices in 69 countries on 6 continents $2.7 billion in annual revenue 2 billion square feet under management 15,400 professionals and staff FOR MORE INFORMATION: Liz McCary Vice President Marketing South Carolina +1 803 401 4269 Liz.McCary@colliers.com Crystal Baker Research Coordinator South Carolina +1 803 401 4230 crystal.baker@colliers.com COLUMBIA INDUSTRIAL PROFESSIONALS: Chuck Salley, SIOR Dave Mathews, SIOR Colliers International Columbia 1301 Gervais Street, Suite 600 Columbia, South Carolina USA Thomas Beard GREENVILLLE ANDERSON SPARTANBURG INDUSTRIAL PROFESSIONALS: Garrett Scott Brockton Hall, MRED John Montgomergy Richard Barrett Richard Jackson Brannan Hudson Colliers International Greenville 55 E. Camperdown Way, Suite 200 Greenville, South Carolina USA +1 864 297 4950 Colliers International Spartanburg 511 E. St. John Street Spartanburg, South Carolina USA +1 864 297 4950 About Colliers International Colliers International Group Inc. (NASDAQ: CIGI) (TSX: CIGI) is a top tier global real estate services and investment management company operating in 69 countries with a workforce of more than 12,000 professionals. Colliers is the fastestgrowing publicly listed global real estate services and investment management company, with 2017 corporate revenues of $2.3 billion ($2.7 billion including affiliates). With an enterprising culture and significant employee ownership and control, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide, and through its investment management services platform, has more than $20 billion of assets under management from the world s most respected institutional real estate investors. Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice to accelerate the success of its clients. Colliers has been ranked among the top 100 global outsourcing firms by the International Association of Outsourcing Professionals for 13 consecutive years, more than any other real estate services firm. Colliers is ranked the number one property manager in the world by Commercial Property Executive for two years in a row. Colliers is led by an experienced leadership team with a proven record of delivering more than 20% annualized returns for shareholders, over more than 20 years. For the latest news from Colliers, visit Colliers.com or follow us on Twitter: @Colliers and LinkedIn. www2.colliers.com Copyright 2018 Colliers International. The information contained herein has been obtained from sources deemed reliable. While every reasonable effort has been made to ensure its accuracy, we cannot guarantee it. No responsibility is assumed for any inaccuracies. Readers are encouraged to consult their professional advisors prior to acting on any of the material contained in this report.