Why Small Industrial Spaces Are the Hottest Commodity in Spartanburg County
When discussing industrial vacancy rates, the conversation often begins with a single, aggregated number. In reality, grouping a 2,000 square foot owner-user space with a million square foot distribution center can lead to a flawed understanding of the market’s true dynamics. The demand and supply for these different property sizes are vastly different.
This video outlines the demand for industrial properties across different size categories. The lowest vacancy rate is for the small industrial properties.
There are several factors why the vacancy rate is lowest for this size category, but the main factor is robust demand with limited new inventory being delivered to the market.
If you have commercial real estate needs in the area, let’s connect!
Emma McDaniel, CCIM
McDaniel and Company, VP
emma@mcdanielandco.com
(864) 576-4660
