Colliers Report: South Carolina Industrial Market Q1 2025
May 15, 2025
Robust activity ahead of growing trade headwinds
Market Highlights
South Carolina saw healthy levels of industrial activity in Q1 as Greenville-Spartanburg continued to lead the state with several notable manufacturing and data deals, headlined by Eaton’s lease of 861,000 square feet in Union to manufacture three-phase transformers. Activity began to taper into March, however, as rapidly rising levels of trade policy uncertainty caused manufacturers and warehousing users to pause and reevaluate plans.
Continue reading the full report.
Key Takeaways
- Manufacturing projects remain active along with construction and building supply users
- Deal pipeline is slowing as trade uncertainty rises though activity has carried forward from 2024
- Investment sales volume limited by high interest rates and high vacancy in key markets
About Colliers
Colliers | South Carolina is the largest full-service commercial real estate firm in South Carolina with 66 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 26 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 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 annual revenues exceeding $4.8 billion, a team of 23,000 professionals and $99 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.
