Greenville-Spartanburg Office Figures Q2 2026

The Greenville office market continued to strengthen in Q2 2026, with fundamentals improving across most key indicators. Vacancy fell to 9.9%, down 30 (bps) basis points from the previous quarter and 200 bps year-over-year, while availability held at 16.2%, below its level from a year prior. Net absorption totaled 35,000 sq. ft., an increase of 20,000 sq. ft. from Q2 2025, led by occupancy gains at the Daniel Building, Orchard Ridge Corporate Center and Raintree Office Park. Meanwhile, a new 100,000 sq. ft. office building has broken ground in Greenville CBD, the first large office development since 2020. Average asking rents climbed to a record $28.97 per sq. ft., up 10.2% year-over-year.

Leasing activity remained strong with several major commitments from in market tenants. Fluor Federal Services leased 39,000 sq. ft. in Greenville Suburban, while Clayco Enterprises and Mauldin & Jenkins signed leases for 20,000 sq. ft. and 19,000 sq. ft., respectively, in the Greenville CBD. Together, these transactions accounted for 78,000 sq. ft. of new leasing activity, reinforcing Greenville's position as a resilient and growing Sun Belt office market.