Chesnee
REAL ESTATE
Report: Greenville market has oversupply of industrial real estate
A recent report shows the Greenville-Spartanburg-Anderson market has an excess of industrial real estate on its hands — and it might take a while before it corrects itself. CBRE recently published its Q1 industrial real estate snapshot of the Upstate, which revealed that the region has 20 projects totaling 8.9 million square feet under construction. The vast majority of those projects — 18, totaling 7.1 million square feet — are speculative construction.
Welcome to NewsBreak, an open platform where diverse perspectives converge. Most of our content comes from established publications and journalists, as well as from our extensive network of tens of thousands of creators who contribute to our platform. We empower individuals to share insightful viewpoints through short posts and comments. It’s essential to note our commitment to transparency: our Terms of Use acknowledge that our services may not always be error-free, and our Community Standards emphasize our discretion in enforcing policies. We strive to foster a dynamic environment for free expression and robust discourse through safety guardrails of human and AI moderation. Join us in shaping the news narrative together.