Q4 2025 Market Reports
Industrial
Greenville’s industrial market is entering a period of stabilization as 2025 comes to a close. Rising leasing activity and a receding wave of new construction are leading to lower availability rates. However, performance still varies between property sizes, location, and quality types. Looking ahead, the outlook is cautiously optimistic. The thinner construction pipeline is likely to tighten market conditions heading into 2026, provided absorption remains positive. Risks tilt toward the downside, with trade disruptions, a sluggish housing market, and consolidations among manufacturers and distributors potentially weighing on demand.
READ FULL INDUSTRIAL REPORT HERE
Office
As the Greenville market becomes an increasingly important regional center, office-using sectors such as financial services and professional services have also expanded, as have administrative offices for the numerous logistics and manufacturing companies located here.
Like many tertiary markets in the Southeast, Greenville has seen strong job and population growth since 2020. Total payroll jobs have increased by more than 12% over the past five years. While this job growth has kept the office availability rate here below the national average at 8.5%, the area has not been immune to broader shifts in office use and a slowdown in office-using hiring.
Retail
The combination of growing demand and slower construction has increased demand for retail space here in the longer term. Though a combination of store bankruptcies and high-profile mall closures led to negative absorption through most of 2025, the market’s availability rate remains near a record low at 3.7%. Total annual leasing volume of roughly 1.3 million remains on par with pre-pandemic trends, and many experiential brands have quickly backfilled vacated big box space. Closer-in areas around Greenville’s downtown have also seen the adaptive reuse of warehouse districts, which has added to the market’s supply of retail space.
