Colliers Report: Greenville-Spartanburg Industrial Market Q2 2026

Strong bulk demand continues as the market enters its next growth cycle.

Market Highlights

The Greenville–Spartanburg industrial market is seeing the I-85 corridor enter a new phase of expansion as growth between Spartanburg and Charlotte begins to close the long-standing gap in Cherokee County. After years of limited large-scale activity, the submarket is gaining meaningful traction, highlighted by USA Rare Earth’s $1.4 billion manufacturing facility and continued investment from major users such as Amazon and First Solar.

Continue reading the full report.

Key Takeaways

• Cherokee County activity is accelerating as users close the gap between Spartanburg and Charlotte.
• Owner-user sales continue to rise as companies work to secure remaining bulk space in an increasingly competitive market.
• The next wave of development is taking shape, though developers are approaching this cycle with
  more caution than 2022-2024.
• Despite slowing global trade, the market continues to see robust, large-format distribution activity.
• Manufacturers remain drawn to the region, attracted by sustained labor force growth and a deepening pool of high-skill talent.

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.