GREENVILLE IS GROWING & SO ARE WE
A look back at 2022
“The world has discovered Greenville, Spartanburg, and the Upstate. How blessed we are to call this our home and to play a part in shaping its future” says Lee & Associates President / Principal, Randall Bentley, CCIM, SIOR.
Within the headlines of new developments, up & coming startups, historic renovations, and expanding headquarters you will see the impact of Lee & Associates Greenville / Spartanburg in Upstate, SC.
The revitalization of Piedmont Mills Village in Piedmont. The awardwinning commercial development, Access Point. The high-profile, 67-acre industrial park, Global Commerce. The reinvention of laundry services with Green Laundry Lounge. All projects of Lee & Associates.
As these developments and businesses come to fruition, Lee & Associates grows beside them. 2022 was no exception for growth.
The company closed the year with 212 deals accomplished. Brokers sold or leased 6.4 million SF and 889 acres with a transaction total of over $265 million. Not bad for a small, but invaluable team of 13 brokers and eight staff.
Office foot traffic and cups of coffee increased exponentially with seven new team members on board. New partnerships created two new industrial brokerage teams and one new office brokerage team. Overall, these additions bring more experience, knowledge, and resources to our roster of services.
In 2023 and beyond, Lee & Associates will continue to grow in service of businesses and entrepreneurs shaping the future of our region. We want your property to be our next headline.
So, let’s do business.
A quarterly update from Lee & Associates Greenville / Spartanburg, a top Upstate commercial real estate firm
Q1 2023
A quarterly update from Lee & Associates Greenville / Spartanburg, a top Upstate commercial real estate firm READ THE FULL MARKET REPORTS leegreenville.com 864.704.1040 MARKET STATS Q1 2023 INDUSTRIAL OFFICE RETAIL EXISTING INVENTORY 230,907,084 SF 16,380,596 SF 67,353,638 SF NET ABSORPTION 4,733,619 SF 15,489 SF -79,770 SF VACANCY 5.0% 12.5% 4.6% UNDER CONSTRUCTION 8,347,446 SF 54,532 SF 166,240 SF AVG. ASKING RENT (PER YR.) $4.57 PSF $23.60 PSF $13.23 PSF GREENVILLE 101 W. Court St., Suite A Greenville, SC 29601 SPARTANBURG 320 E. Main St., Suite 430 Spartanburg, SC 29302 Q1 2023