Greenville-Spartanburg Industrial Figures Q4 2025

Key Takeaways
‒ The Greenville-Spartanburg industrial market remains fundamentally strong: vacancy continues to tighten year-over-year, rents are rising, and Class A absorption experienced near -record highs. 
‒ There was broad momentum this period with 19 new leases - anchored by major Class A deals from First Solar and MEC - highlighting sustained demand for large, modern space across nearly every submarket.
‒ Available buildings and spec pipeline remains weighted toward smaller -to-mid-scale single load 
buildings, leaving a lack of available or upcoming product in the 500,000 sq. ft. or greater —an ongoing challenge for large user requirements