Greenville-Spartanburg industrial market report
Q3 2025
Greenville-Spartanburg continues to show strength as we enter the final quarter of 2025. While development has slowed in response to broader economic shifts, leasing activity remains robust, with over 9 million square feet transacted and average deal sizes increasing. South Carolina also leads in economic development, with nearly $3.5 billion in new investment announced across the Upstate this year.
Development
In 2025, 81% of developments have been under 250k sf. This is the lowest proportion since 2021, as developers continue to adapt to tenant demand.
Leasing activity
Over 9.3 msf has been leased so far this year. This puts the market on pace to surpass the average from 2018-2024.
Capital investments
Nearly $3.5B in capital investments have been announced in the market this year. Of that, nearly $500M has been in the automotive sector.
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