Greenville—the most affordable industrial market in the Southeast

• Industrial inventory in Greenville remains the most affordable among its Southeastern counterparts, despite their asking rates growing by 37% over the past three years.
• The average asking rate for the market in 2023 was $5.00, significantly lower than the runner-up, Savannah, at $6.73 per square foot.
• The Upstate’s business-friendly environment has attracted manufacturers like BMW, Michelin, ZF Group, and Oshkosh Defense; additionally, Tesla is opening a distribution center in Greenville County, further solidifying South Carolina’s status as a booming automotive and EV hub.

May 1, 2024

Additional resources

• Top industrial locations driving logistics growth
• Supply chains scramble to prepare as port union contract pressures mount
• 2024 Drivers of change: manufacturing's path forward

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