ChartSpan Shrinks Downtown Greenville Office Footprint by 90%

ChartSpan has been and continues to be a huge success story here in Greenville so don’t let the headline fool you. The company has said that it will be downsizing it’s office space needs from the current 100,000 SF at N. Main and Washington in downtown Greenville to a new location that will be about 10,000 SF. The new space will be mostly for executives according to the ChartSpan article in the Greenville News.

The company noted that they had been looking at an option to provide for more flexible and home-based work options for their employees 6 months prior to Covid-19. But given the lock downs and challenges opening offices, they did a survey of their employees and 82% wanted to continue to work at home according to the company.

According to ChartSpan’s website, they are “the largest chronic care management (CCM) service provider in the U.S. We provide a comprehensive set of care services for Medicare beneficiaries across the country. By providing access to care services specifically designed for chronically ill patients, our team of seasoned clinical experts are able to help patients live fuller and healthier lives while also reducing their medical costs.” The company continues to do extremely well. Here’s the link to the latest news about ChartSpan.

It will be interesting to watch the transition back to opening offices not only in the Greenville area but all across the country. I have heard of other firms doing similar things. It would seem that we might see a substantial reduction in the demand for Class A office space but time will tell. Of course the landlords and brokers involved in Class A are pretty savvy so we’ll have to watch what they do and if we see much of a change in price, terms and incentives.