MovementMortgage_OM_Sept 5
YORK COUNTY & LANCASTER COUNTY SUBMARKETS
• The recent headquarter relocations of CompuCom, Movement Mortgage, and Red Ventures in Lancaster County are expected to bring 4,800+ jobs to the market • York County’s vacancy rate is 4.6% and northern Lancaster’s vacancy rate is 2.7% as of Q2 2019 • The area has become the go-to destination for corporate relocations and build-to-suits as companies take advantage of South Carolina’s lucrative tax incentives and high quality of life. Sites for future construction are limited and are becoming more expensive as retail, hotel, and multi-family development accelerates and competes for land that has historically been used for office development • The success of the Class A office market in northern York and Lancaster County is attributable to lower business costs in South Carolina, demand for “small town” living, an award winning school system, and the quality of the residential development and associated retail amenities in the area. Direct access to I-77 and nearby I-485 are also critical factors in the success of the Class A York and Lancaster County office market.
MAP # BUILDING
# OF BUILDINGS SQUARE FEET VACANT SPACE % VACANT
SINGLE TENANT
Movmement Mortgage Wells Fargo Mortgage
Two Two One One Two Two Five One One One One One One One One
205,430 338,301 150,164 421,863 469,983 313,679 76,650 165,000 90,994 150,000 180,062 650,000 61,591
- - - - - - - - - - - - - - -
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 9.63% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Yes Yes Yes Yes Yes Yes No Yes Yes Yes Yes No Yes No No Yes
1
2 3 4 5 6 7 8 9
Daimler Sunbelt
Lash
LPL Financial Kingsley Park
30,203
Novant
Citi Financial Continental CompuCom Edgewater Red Ventures
10
11
12 13 14 15
Three
Pinckney Rutledge
34,037 34,037 50,388
Sharon FCU
CUSHMAN & WAKEFIELD
46
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