Let’s Talk Industrial Real Estate Update, Spartanburg SC

Market Performance and Outlook

Last year was characterized by steady absorption in Spartanburg. Despite starting with a high vacancy rate, the county ended the year as the number one city in the nation for the decline in industrial vacancy. The outlook for the current year remains robust, driven by high demand and a slowdown in new construction.

Key Competitive Advantages

Spartanburg continues to be a highly desirable distribution hub for several reasons:
  • Infrastructure: Excellent access to major interstates and the local inland port.
  • Cost Efficiency: The market is approximately 30% cheaper than many other competing industrial markets.

Vacancy Rates by Building Size

The demand varies significantly depending on the size of the industrial space:
Building Size
Vacancy Rate
Smaller Industrial Buildings
3% – 5%
Large Buildings (>100,000 sq. ft.)
Approximately 12%
If you’d like to discuss your next commercial real estate transaction, let’s connect!
Emma McDaniel Lunning, CCIM

emma@mcdanielandco.com
864-576-4660
Emma McDaniel Commercial Real Estate Agent
Emma McDaniel Lunning, CCIM

Hello! My name is Emma McDaniel Lunning and welcome to my real estate blog. As a Business Economics major at Wofford College, a third generation in my family to be a real estate agent, and a woman who has a great love for our community, I am looking forward to sharing with you what I discover as I engage with people, explore places, and learn about different sectors of our market.

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Picture of Emma McDaniel Lunning, CCIM

Emma McDaniel Lunning, CCIM

Hello! My name is Emma McDaniel Lunning and welcome to my real estate blog. As a Business Economics major at Wofford College, a third generation in my family to be a real estate agent, and a woman who has a great love for our community, I am looking forward to sharing with you what I discover as I engage with people, explore places, and learn about different sectors of our market.