The Greenville metro entails a growing population of one million residents along the Interstate 85 corridor. The market benefits from the boom in industrial employment, specifically in the automotive industry. Revitalization efforts are concentrated in Downtown Greenville as office-using jobs and retailers grow. The recent population boom has drawn in developers, which have expanded inventory by 30 percent since 2015. Surprisingly, demand has kept up with these record levels of supply, with the vacancy rate at 5.7 percent. Rents have grown 13.6 percent in the last 12 months but remain affordable as they lie below national averages at $1,170 per month. Mixed-use and adaptive reuse projects are popular in the market, particularly those with turn-of-the-century-20th-century textile mills. National investors are active in Greenville as they hunt out mid-tier assets with higher-than-average cap rates.
Recent Articles
Recent Media & Thought Leadership
7/13/2023
Market Report | Industrial | Dallas-Fort Worth, TX
Q2 2023 Dallas-Fort Worth Industrial Market Report Market Overview While...
7/13/2023
Exploring QSR, Casual Dining, and Fast Casual Restaurants
Exploring Restaurants Across the U.S. The U.S. restaurant industry is...
7/13/2023
Matthews™ Market Update | Q2 2023 Market Report
Matthews™ Market Update Macroeconomic Overview A year of volatility has...
7/11/2023
Q2 2023 Hospitality Market Report | Northern California
Northern California Hospitality Market Report Market Overview The hospitality sector...
7/10/2023
The Transforming Landscape of Industrial Real Estate Rents
An Update on Industrial Rents The industrial real estate market...
7/10/2023
What is the Relationship Between Interest Rates and Cap Rates?
Interest Rates vs. Cap Rates The real estate market is...
7/10/2023
How to Maximize ROI in CRE
Maximizing ROI in CRE In today's competitive real estate market,...
7/7/2023
Why Brokers Should View Auction Platforms as a Sales Tool
Auction Platforms Commercial real estate brokers are, generally, antagonistic...
7/7/2023
Leasing Trends in California
California Leasing Landscape The leasing landscape in California has witnessed...