Booming industrial region
A strong manufacturing workforce, convenient logistics’ infrastructure and ample land for development generates high demand within the Greenville-Spartanburg industrial market. In addition, the Inland Port Greer continues to set container volume records — drawing interest from manufacturers and distributors. Many companies are moving to the area to set up regional distribution hubs, e-commerce fulfillment and import/export centers. Advanced manufacturing, automotive and distribution are each distinct demand drivers and are all buoyed by a strong labor force and supporting infrastructure. Investors and developers continue to purchase tracts of land and construct speculative and build-to-suit buildings in order to keep up with demand. Despite the extraordinary amount of square feet currently under construction, rapid building absorption is expected to occur and demand continue.