Greenville industrial market report
Q3 2022
Vacancy remains low and strong demand over the last several quarters has resulted in a significant YOY lease rate increase.
215 msf
Inventory
With over 19.6 million square feet (sf) under construction in the Greenville/Spartanburg market, development activity is experiencing record highs.
$5.45
Direct asking rent
Average asking rents increased by 3% from last quarter and will continue to increase as vacancy rates decline.
1.7 msf
Net absorption
Total absorption has doubled since the previous quarter as companies continue to relocate to the Upstate.
5.8 msf
Availabilities
As supply struggles to keep up with demand, availability continues to drop.
3.0%
Vacancy
Vacancy rates remain low in the market, with a decrease of 50 basis points from the previous quarter.
Your source for the latest Greenville industrial real estate reports
Stay on top of current trends affecting the industrial real estate sector in The Upstate. Gain an overall better understanding of Greenville's industrial real estate market conditions, so you can better formulate strategies to overcome any obstacle and know how to best invest in industrial real estate in Greenville.
Here, you’ll always find the latest industrial real estate market news so you can stay ahead. Come back often to see expert insights on the current and future of Greenville industrial real estate market.