Newsletter Archive
Latest Newsletters
Quick Trend Reports and Flex Space- What Are the Important Factors?
McDaniel and Co’s May Newsletter!
Leasing Activity: Lease Rates, Absorption, Current Inventory, and More.
🚨 McDaniel and Co’s April Newsletter is Here! 🚨
The Topic: Commercial Real Estate Update, Q1 Review
✔ Read about Q1 commercial real estate activity in Spartanburg
📈 Read about industrial real estate trends
📽 Watch videos
🏢 View our featured listings
💡 And More
If quarter two is your time to buy or sell a commercial property, let’s connect! 🤝
Read about IOS
Market Data for Spartanburg, SC
View Featured Listings
Watch Videos
And More!
McDaniel and Co’s February Newsletter ➡ What’s Trending in Commercial Real Estate?
Read About Commercial Real Estate Trends in Spartanburg, S.C. for:
➡ Office
➡ Retail
➡ Multi Family and
➡ Industrial
➡ Learn where the hotspots are for industrial real estate development in Spartanburg County.
➡ Watch videos
➡ Check out our featured listings
And More!
Read about the 2024 commercial real estate projections in Spartanburg for:
✅ Office
✅ Retail
✅ Multifamily
✅ And Industrial
✔ Watch our latest videos
✔ View our featured listings
✔ And more!
Retail
Retail is Rockin’ in Spartanburg, S.C!
The current vacancy rate is 3.1% which is 1% below the national average for retail vacancy.
The average price per square foot for lease is $13.74, and the average sales price per square foot is $127. The twelve month rent growth is 4.64%
Spartanburg, S.C. Industrial Real Estate Trends
In Spartanburg, S.C., there is currently 111 million square feet of industrial real estate inventory.
Vacancy
The current vacancy rate is 9.9%, which is a significant increase from the 3% vacancy rate in early 2022.
However, the vacancy rate varies significantly across different types and sizes of industrial properties.
There is a lot to say about industrial real estate lately. South Carolina has recently been hit with a wave of new inventory just as demand begins to cool. The statewide industrial availability rate is 9.5% with 11.4 million square feet of new industrial inventory and 40 million square feet currently under construction.
