Greenville—the most affordable industrial market in the Southeast

graph of industrial commercial real estate asking rent growth in the Southeast comparing 2020 and 2023
  • 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.

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US-SC-GSP Greenville