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.
About The Author
John Murphy
Husband of 34 years to my college sweetheart, Janet Murphy (@janetmurphydesign on Instagram). Together we have 6 wonderful children from ages 15-31 and 5 grandchildren. I’ve been a licensed REALTOR since 2003 and broker since 2007. I also am a cost segregation specialist helping building owners and real estate investors maximize their tax deductions, save thousands on their income taxes and increase their cash flow. If you’re a building owner you probably haven’t done a study…let’s connect. There is no obligation. We can run an estimate for you and really every building should be evaluated if the basis is over $150,000. I can work all over the country and not just here in the Upstate. We relocated to Greenville, SC for the lifestyle, lower cost of living, amazing amenities in the area and the growth opportunity for business and real estate. We absolutely love it here!
All opinions are expressly my own and do not represent either eXp Realty LLC, Cost Segregation Services, Inc. or any other company, organization or group that I might be affiliated with.