Greenville-Spartanburg industrial market report
Q2 2026
The Greenville-Spartanburg industrial market remains red-hot. Leasing activity was strong through the first half of 2026, with over 9.8 msf leased across more than 70 transactions. This puts the market on pace for the strongest year on record. Much of this demand is in new product that has been delivered over the past few years. As that supply wave has dwindled, the market is recalibrating its development pipeline, with just over 2.4 msf currently under construction.
Leasing volume
Over 9.8 msf was leased through 1H26. On an annual basis, this would be the strongest year on record, with both volume and transaction counts strong.
Under construction
Just over 2.4 msf is currently under construction. This is the lowest total since 2021, as the market recalibrates following the recent development boom.
Deliveries
Through 1H26, nearly $178M has transacted in user sales. This includes Class A sales from QualFlex, Schluter Systems, and Revman.
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