Demand Remains Strong for Industrial Real Estate in Greenville County
There’s no doubt South Carolina has become a leading state in the rise again of domestic U.S. manufacturing. The Port of Charleston has played a huge role in the growth of manufacturing, distribution and the overall supplychain. Their Inland Port of Greer essentially extendes the Port of Charleston all the way out to the Upstate. The location of the Upstate being 90 minutes to Charlotte and 2.5 hours to Atlanta makes it a terrific location for all kinds of manufacturers who need to ship product throughout the U.S. as well as the rest of the world. The Upstate Business Journal has an excellent update on the state of industrial real estate here in Greenville. Be sure to read it.
Greenville County boasts more than 600 manufactures have operations here. That’s impressive and it only continues to grow. Greenville County is the largest county in the state of South Carolina with a current population of 514,000. Greenville County is expected to grow by 222,000 people and 86,000 jobs by 2040 as the trend across the America is for people to leave blue states for red states. It’s no wonder companies continue to expand operations here in the Upstate and specifically Greenville County.
Recently I spoke with a business owner who had been operating out of Florida. He was looking for new space for a distribution center in the Southeast. Atlanta was too big, too crowded and very expensive. Charlotte was also very expensive. Someone had told him to check out Greenville, SC and he was pleasantly surprised. He had never heard of it before but it had the infrastructure, access, ease of distribution and transportation – trucking, rail and air cargo with GSP International – and the prices were much, much better here for buildings. So he built a $2.5 million office warehouse here in Greenville.
There are many knowledgeable industrial and commercial real estate brokers in Greenville that can help you with that decision. The Greenville Area Development Corp. is also a very helpful organization for companies evaluating the Upstate.
About The Author
John Murphy
Husband of 34 years to my college sweetheart, Janet Murphy (@janetmurphydesign on Instagram). Together we have 6 wonderful children from ages 15-31 and 5 grandchildren. I’ve been a licensed REALTOR since 2003 and broker since 2007. I also am a cost segregation specialist helping building owners and real estate investors maximize their tax deductions, save thousands on their income taxes and increase their cash flow. If you’re a building owner you probably haven’t done a study…let’s connect. There is no obligation. We can run an estimate for you and really every building should be evaluated if the basis is over $150,000. I can work all over the country and not just here in the Upstate. We relocated to Greenville, SC for the lifestyle, lower cost of living, amazing amenities in the area and the growth opportunity for business and real estate. We absolutely love it here!
All opinions are expressly my own and do not represent either eXp Realty LLC, Cost Segregation Services, Inc. or any other company, organization or group that I might be affiliated with.