Colliers Report: Investment in manufacturing sustains industrial market
July 19, 2023
Commercial Real Estate Research & Forecast Report Q2 2023 Greenville-Spartanburg Industrial
Market Highlights
Since the second quarter of 2020, nearly $6 billion in capital investments were announced by a broad spectrum of manufacturers which helped push the vacancy rate to a record low of 2.95% in 2022. Developers responded by constructing nearly 27 million square feet of flex, warehouse and manufacturing buildings – a number that excludes purpose-built manufacturing facilities like the 1 million-square-foot BMW battery plant and the 750,000-square-foot Toray Carbon Fiber facility.
Click here to read the full report.
Q2 2023 Greenville-Spartanburg Industrial Report
Please take a moment to download and read the full report.
About Colliers
Colliers | South Carolina is the largest full-service commercial real estate firm in South Carolina with 62 licensed real estate professionals covering the state with locations in Charleston, Columbia, Greenville and Spartanburg. Colliers is an Accredited Management Organization (AMO) through the Institute of Real Estate Management (IREM) and is the largest manager of commercial real estate properties in South Carolina with a portfolio of over 18 million square feet of office, industrial, retail and healthcare properties. Colliers’ staff hold the most professional designations of any firm in South Carolina. Colliers | South Carolina’s partner, LCK, provides project management services for new facilities and renovations across South Carolina.
Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 65 countries, our 18,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. With annual revenues of $4.5 billion and $98 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.
