Spartanburg is
booming, baby!
Spartanburg, South Carolina, is situated seventy-six miles from Charlotte, twenty-seven miles from Greenville, and less than hundred and seventy-five miles from Atlanta. With proximity to major cities, generous areas of green space, and an affordable cost of living, Spartanburg is quickly becoming a developer's delight.
Spartanburg at a Glance
(Source: CoStar)
2,742,340 sf
Inventory
2022 YTD
3.1%
Vacancy Rate
Down from 2021 (3.8%)
33,977 sf
Net Absorption
Down from 2021 (35,804 sf)
$15.87-16.01 sf
NNN Rents
2021 ($13.07 - $13.16)
Regional growth in Spartanburg is the catalyst for new development, revitalization projects, and housing.
The following projects have been announced in Spartanburg:
Revitalization and workforce housing are significant considerations for the area.
Some notable projects to address this opportunity are: