2021 lays groundwork for record-breaking 2022
- A strong distribution/logistics base, major automotive and advanced manufacturing operations and related supplier networks are contributing to strong ongoing industrial growth in Greenville-Spartanburg
- The annual net absorption during 2021 was 10.2 million square feet with rapid absorption expected next year, paving the way for a record-breaking 2022
The Greenville-Spartanburg market experienced a surge in industrial demand in 2021, paving the way for record-breaking construction and absorption in 2022 and beyond. Major factors influencing this dynamic include an increase in business activity and expansions at the Port of Charleston and the Inland Port in Greer, the market’s strategic interstate location between Charlotte and Atlanta, e-commerce and supply chain reconfigurations, the availability of shovel-ready sites, and the ongoing expansions of automotive/advanced manufacturing operations and their related supply networks in this region. The area also has one of the fastest-growing populations and workforces in the country, making it an even more attractive market for ongoing and future investment.
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