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2021 Q2 Industrial Greenville Spartanburg Report

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Greenville-Spartanburg speculative construction will be absorbed by year-end

Key Takeaways

  • Speculative construction is being converted to build-to-suit opportunities for tenants and will likely be absorbed by year-end
  • Upstate is driving capital investments and port activity throughout the region

Significant demand within the Greenville-Spartanburg industrial market is creating a unique opportunity for tenants. Over the past two years speculative construction increased year-over-year. However, due to record demand and absorption in the Upstate, speculative construction is now being converted to build-to-suit opportunities for tenants. 

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2021 Q2 Industrial Greenville Spartanburg Report

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Related Experts

Garrett Scott

Vice President

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As a Vice President of Colliers International in the Spartanburg office, Garrett Scott specializes in leasing, sales and development advisory services for industrial properties across the Greenville-Spartanburg market.

 

Along with his experience in both brokerage and development, Scott works with teammates and industrial professionals John Montgomery and Brockton Hall to provide clients a unique perspective for their real estate decisions.

 

Scott’s focus is not just on the transaction, nor on how real estate can save a client money, but how it can make them money by capitalizing on the operational advantages which a building and location can offer. This provides a clearer path to what is truly important in a locational decision.

 

With experience in both brokerage and development with a proven track record of providing innovative solutions to meet corporate objectives, Scott offers an advantage that clients seek out.

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John Montgomery

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John Montgomery is a Vice President of Colliers International in the Spartanburg office. With his breadth of experience in master-planned communities, retail, residential, commercial and industrial development projects, along with teammates Garrett Scott and Brockton Hall, he guides clients through the development process from inception through lease-up. This team does so successfully not only in the Upstate of South Carolina, but across the Southeast as well.

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Brockton Hall

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Brockton Hall is a Vice President with Colliers International in the Greenville and Spartanburg offices. He is a member of the Upstate industrial team along with long-time real estate professionals, Garrett Scott and John Montgomery. This team specializes in the needs of industrial landlords and occupiers throughout the Southeast. 

Hall comes from a commercial construction background with years of experience in the commercial sector working on projects including K-12, office and institutional. He also has significant renovation and retrofitting experience. His construction background allows him to assist occupiers with their building specifications and advise them during the build-to-suit and new construction process. For developers and investors, he is well-equipped to advise on construction-related issues involved in tenant upfits, value-add projects and new development.

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Richard Barrett

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Dillon Swayngim

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I define success in my work as going above and beyond for clients and when the projects that I work on produce a substantial impact on local and regional economic development. My client roster has included large companies such as Amazon, institutional investors and small local businesses. Each of my clients are treated in the same manner as they expect responsiveness, professionalism and market expertise, and I take pride in being able to deliver each for them. Being able to identify operational inefficiencies and identify solutions for my clients is one of my biggest assets.

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