Skip to main content Skip to footer

2021 Q4 Industrial Greenville Spartanburg Report

Download Report
alt=""

2021 lays groundwork for record-breaking 2022

Key Takeaways

  • 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.

Download pdf

Download the full report

For more information, including the market summary statistics, download the full research report.

Download report

alt=""

2021 Q4 Industrial Greenville Spartanburg Report

Download Report
Related Experts

Garrett Scott

Managing Director

Spartanburg

With more than 30 years’ experience in brokerage and industrial development in the Upstate of South Carolina and beyond, I offer expert advice and a unique perspective which gives my clients the edge in a competitive market. 

My experience includes the planning, acquisition and implementation of more than 31 industrial parks in key manufacturing and distribution markets. In addition, I have been responsible for the development of more than 38 million square feet of industrial space including Class A manufacturing, automotive supply, warehouse, logistics fulfillment and e-commerce related facilities. 

More than 140 clients have relied on me to manage the start-up and implementation of their facilities. This background brings invaluable experience and understanding which allows me to meet the needs of tenants, developers and investors “from dock-door to C-suite”.

View expert

John Montgomery

Managing Director

Spartanburg

I am a Managing Director of Colliers | South Carolina in the Spartanburg office, specializing in industrial buildings, industrial land and tenant representation. 

My experience includes master-planning and developing thousands of acres of real estate as well as attracting significant economic development projects worth billions of dollars and thousands of jobs including Toray Carbon Fibers, Ritrama, Kobelco, Keurig Dr. Pepper, Magna Seating and Techtronics Industries.

View expert

Brockton Hall

Vice President

Greenville

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.

View expert

Dillon Swayngim

Vice President

Spartanburg

I specialize in industrial and flex properties through landlord and tenant representation as well as industrial investment sales. 

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.

View expert

Richard Barrett

Senior Brokerage Associate

Greenville

I specialize in flex office and industrial brokerage at Colliers International’s Greenville, SC office. I have many years of experience in the industrial business world and understand the demands that businesses experience regarding real estate. I strive to make the process as smooth as I can for my clients and offer them empathy and knowledge for getting the best space for their needs. I am inspired and motivated by the beauty of business growth. Seeing a company start from a small garage startup and grow into a powerful industry leader is exciting, and I am proud to be able to play a part in helping clients get started in a building of their own.

View expert