Upstate, South Carolina: A Premier Destination for Commercial Real Estate

Introduction

Upstate, South Carolina, is a burgeoning hub for commercial real estate, offering a unique blend of economic dynamism and strategic location advantages. Known for its diverse economy, the region is home to significant industry clusters such as manufacturing, automotive, and logistics. Upstate’s growing economic landscape, coupled with its accessibility, makes it a focal point for commercial real estate investment.

Economic and Industry Overview

Upstate, South Carolina, is characterized by a robust economic environment driven by key industries such as:

• Automotive Manufacturing: Home to major players like BMW, the automotive sector generates substantial demand for industrial and office spaces.
• Aerospace: With companies like Lockheed Martin operating in the region, aerospace is a significant driver for specialized industrial properties.
• Logistics and Distribution: The region's strategic location makes it a prime area for logistics centers and warehouses.

Regional economic development is supported by initiatives from the Upstate SC Alliance, fostering a favorable environment for commercial real estate growth.

Strategic Location and Transportation Infrastructure

Upstate, South Carolina, boasts a well-developed transportation network:

• Highways: Interstates I-85 and I-26 provide excellent connectivity for logistics operations.
• Airports: The Greenville-Spartanburg International Airport (GSP) offers cargo and passenger services.
• Rail Lines: Served by major rail providers, enhancing distribution capabilities.

These infrastructure elements create logistical advantages, facilitating access to labor pools and proximity to key markets like Charlotte and Atlanta.

Commercial Real Estate Inventory & Zoning

Upstate offers diverse submarkets and asset classes:

• Submarkets: Central Business District (CBD), industrial corridors, and innovation districts.
• Asset Classes: Industrial, retail, office, and medical properties dominate the landscape.
• Zoning and Incentives: The region provides various incentives for developers. Refer to Greenville County's Zoning Map for more information.

Major Employers and Institutions

The economic vibrancy of Upstate is driven by major employers and educational institutions:

• Top Employers: BMW, Michelin, and Prisma Health are significant employers influencing CRE demand.
• Universities: Clemson University and Furman University contribute to the skilled workforce.
• For more details, visit the Greenville Area Development Corporation website.

Notable Commercial Developments & Projects

Upstate, South Carolina, is witnessing several large-scale developments:

• Mixed-Use Projects: Developments like the BridgeWay Station offer commercial and residential spaces.
• Opportunity Zones: Numerous zones provide tax incentives for CRE investments.

For more information on planning and projects, visit the City of Greenville's Planning Department.

Building Permits, Planning, and Development Tools

Access vital resources for CRE development:

• Greenville County Building Safety Department
• Online Permitting Portal
• Parcel Viewer / GIS
• Development Code

Market Data & Economic Reports

Utilize public data to inform CRE decisions:

• Access data from Census.gov
• Explore Greenville's Open Data Portal
• Brevitas offers AI-powered aggregation from public data and internal insights. Explore our Upstate CRE dashboard for detailed analytics.

Why Use Brevitas for Upstate, South Carolina CRE?

Brevitas stands out as a leading CRE marketplace, offering:

• AI-Driven Discovery: Streamline property searches with intelligent algorithms.
• Real-Time Market Alerts: Stay informed with timely updates.
• Smart Property Pages & Dealroom Collaboration: Enhance deal-making efficiency.
• Exclusive Listings & Premium Exposure: Gain access to unique opportunities.

Brevitas also provides tools like auto-generated listing pages, email and landing page tools, and seamless integration with brokers and developers.

Experience the future of commercial real estate in Upstate, South Carolina with Brevitas.