Colliers Report: Greenville-Spartanburg Office Market Q2 2026

Colliers | South Carolina Market Report

Asking rents reach new highs behind strong demand and limited availability.

Market Highlights

The Greenville–Spartanburg market posted a solid quarter driven largely by strong suburban activity along the I‑385/I‑85 corridor. Suburban submarkets recorded 66,860 square feet of absorption, with the bulk coming from major commitments such as 22,480 square feet to Piedmont Arthritis Clinic at Patewood III and 37,917 square feet at 701 Millennium Boulevard.

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Key Takeaways

• Large tenants continue to anchor absorption throughout the suburban office markets.
• Proposed 101 East Court St. is asking $59.50 per square foot, which is significantly higher than anything the market has seen before.
• Johnson Development is building two office/mixed‑use buildings in the Spartanburg CBD, marking the most notable office construction the submarket has seen in over 10 years.
• The I‑385/I‑85 submarket remains an active suburban office node, seeing significant sales and leases this quarter.

About Colliers

Colliers | South Carolina is the largest full-service commercial real estate firm in South Carolina with an annual transaction volume of $1.5 billion. The firm has 225 real estate professionals covering the state with locations in Charleston, Columbia, Greenville and Spartanburg. Colliers is the largest manager of commercial real estate properties in South Carolina with a portfolio of over 31 million square feet of office, industrial, retail and healthcare properties. Colliers | South Carolina’s sister company, LCK, provides project management services across the Southeast and beyond with an annual project value of $1.3 billion. LCK helps clients maximize the value of their development projects while remaining on schedule and within budget. Colliers and LCK staff hold more professional designations than any other commercial real estate firm in South Carolina.

Colliers is a global diversified professional services and investment management company. Operating through three industry-leading platforms – Real Estate Services, Engineering and Investment Management – we have a proven business model, an enterprising culture and a unique partnership philosophy that drives growth and value creation. With $5.5 billion in annual revenues, a team of 24,000 professionals, and $108 billion in assets under management, Colliers remains committed to accelerating the success of our clients, investors, and people worldwide. Learn more at corporate.colliers.com, X @Colliers or LinkedIn