Greenville Industrial Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from Cushman & Wakefield, CBRE, Lee & Associates
Quarterly industrial market indicators for Greenville, aggregated by CREhunt from Cushman & Wakefield, CBRE, Lee & Associates. As of Q2 2026, average asking rent was $5.20/SF/yr and vacancy was 8.7%, per Cushman & Wakefield.
Projected current industrial pricing — Greenville
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q2 2026 Cushman & Wakefield data (cap rate 8.0%, asking rent held flat). Assumes ~91% occupancy and a 72–88% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 Cushman & Wakefield | $5.20/SF/yr | 8.7% | 1.5M SF | 2K SF | Cushman & Wakefield |
| Q1 2026 Cushman & Wakefield | — | 1.9% | — | — | Cushman & Wakefield |
| Q1 2026 CBRE | $6.19/SF/yr | 6.3% | 1.9M SF | — | CBRE |
| Q4 2025 Lee & Associates | $6.47/SF/yr | 8.1% | 8.3M SF | — | Lee & Associates |
| Q3 2025 Cushman & Wakefield | $5.86/SF/yr | 8.9% | — | — | Cushman & Wakefield |
| Q2 2025 Cushman & Wakefield | $5.90/SF/yr | 9.7% | — | 10 SF | Cushman & Wakefield |
| Q1 2025 Lee & Associates | $6.01/SF/yr | 8.4% | 8.7M SF | — | Lee & Associates |
| Q2 2024 Lee & Associates | $5.50/SF/yr | 9.4% | — | — | Lee & Associates |
| Q3 2017 Cushman & Wakefield | — | 4.1% | 0 SF | — | Cushman & Wakefield |
Industrial asking rents by submarket
The newest asking rent a named brokerage's report published for each Greenville industrial submarket, with its publisher and quarter. Submarkets whose newest figure cannot be attributed, or falls outside a plausible range, are left out.
| Submarket | Asking rent | Source |
|---|---|---|
| Anderson | $5.52/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Anderson County | $4.78/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Central Greenville | $6.67/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Cherokee | $5.50/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Cherokee County | $4.94/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| East Greenville | $13.41/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Greenville Downtown | $11.23/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Greer/Hwy 101 Corridor | $7.25/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Hwy. 290 Corridor | $9.50/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| I-385 South | $6.46/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| I-85 East | $7.20/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| I-85 West | $6.45/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Laurens | $5.79/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Laurens County | $4.50/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| North Greenville | $5.61/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| North Spartanburg | $5.56/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Pickens County | $5.00/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| South Greenville | $4.82/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| South Spartanburg | $6.64/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Spartanburg East | $5.18/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Spartanburg West | $6.47/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Taylors-Greer | $3.94/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Travelers Rest | $9.27/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
How the brokerage sources compare
For Q1 2026, the brokerages CREhunt aggregates for Greenville industrial did not fully agree. On vacancy, the sources span 4.4 points — from 1.9% (Cushman & Wakefield) to 6.3% (CBRE). CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.
| Source | Vacancy | Asking rent | Cap rate |
|---|---|---|---|
| CBRE | 6.3% | $6.19/SF/yr | — |
| Cushman & Wakefield | 1.9% | — | — |
Per-brokerage figures for Q1 2026, aggregated from published brokerage market reports.
Frequently asked questions
- What is the average asking rent for industrial space in Greenville?
- As of Q2 2026, the average asking rent for industrial space in Greenville was $5.20/SF/yr, per Cushman & Wakefield.
- What is the industrial vacancy rate in Greenville?
- The industrial vacancy rate in Greenville was 8.7% as of Q2 2026 (Cushman & Wakefield).
- Where does CREhunt's Greenville market data come from?
- This report aggregates quarterly industrial market data for Greenville from Cushman & Wakefield, CBRE, Lee & Associates.
- How much do brokerage estimates differ for industrial space in Greenville?
- For Q1 2026, the brokerage sources CREhunt aggregates for Greenville did not fully agree. On vacancy, the sources span 4.4 points — from 1.9% (Cushman & Wakefield) to 6.3% (CBRE). CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.