A Charleston Economy Update

I always keep an eye on what’s happening beyond real estate, because the bigger picture matters. Right now, the Charleston economy continues to show real momentum. Breeze Airways just announced nonstop service from Charleston to Cancun, with weekly Saturday flights and introductory fares starting at $119 one way. That kind of connectivity is a big deal for our region.


On the housing front, the City of Charleston and the Charleston Redevelopment Corporation delivered four new workforce housing units downtown and announced plans for 200 more affordable units over the next three years. The partnership includes $55 million in planned investment along with a city contribution, which speaks to long term commitment to balanced growth.


Aviation and manufacturing remain strong anchors for our local economy. Delta Air Lines placed an order for 30 Boeing 787 Dreamliners with options for 30 more, while Alaska Airlines announced its largest airplane order ever with Boeing. That deal includes five South Carolina built 787 Dreamliners and over 100 new 737 jets, reinforcing how important this region is to the aviation supply chain.


Downtown development is also continuing at the high end. The Beach Company recently completed The Charles, a luxury waterfront rental project featuring townhomes and residential flats with monthly rents reaching into the five figures. At the same time, a new two million dollar church project has broken ground on James Island, adding another layer of community investment.


All of this matters because strong infrastructure, job growth, and thoughtful development are what support a healthy housing market over time. It’s one more reason I remain confident in Charleston’s long term outlook and why so many people continue to choose this area as home.



~Roni

That SC Real Estate Chick's Blog

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