Nov
16

Greenville’s Industrial Real Estate Market Improves

By
– GSA Business

For the first time in more than two years, market numbers indicate growth for a second consecutive quarter in the industrial real estate market, according to report released today by the CB Richard Ellis The Furman Co.

The industrial-vacancy rate in the Upstate dropped to 10.2% during the third quarter. There was more than 1.5 million square feet of positive absorption.

“While the growth rate of the last quarter was comparable to that of the boom years in 2006 and 2007, the majority of the market growth consisted of the delivery of BMW’s 900,000-square-foot expansion in the Spartanburg West submarket,” the report said.

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