Greenville, SC – Colliers International in South Carolina has released a snapshot of its second quarter preliminary data for the industrial and retail markets in Greenville-Spartanburg-Anderson; the office market statistics will be released with the research reports this quarter.

Industrial market

Market statistics

    Change from Q1 2018
  • Market inventory:
196,873,294 SF --
  • Quarterly absorption:
315,756 SF --
  • Market vacancy rate:
6.05% Higher by 13 basis points
  • Average weighted rental rate:
$3.40 Lower by 12.82%

GSA flex/R&D statistics

    Change from Q1 2018
  • Quarterly absorption:
1,223 SF --
  • Market vacancy rate:
11.90% Lower by 3 basis points
  • Average weighted rental rate:
$8.21 Higher by 0.24%

GSA manufacturing statistics

    Change from Q1 2018
  • Quarterly absorption:
115,000 SF --
  • Market vacancy rate:
4.55% Lower by 65 basis points
  • Average weighted rental rate:
$3.86 Lower by 14.03%

GSA warehouse statistics

    Change from Q1 2018
  • Quarterly absorption:
199,533 SF --
  • Market vacancy rate:
6.05% Higher by 21 basis points
  • Average weighted rental rate:
$3.15 Lower by 0.15%

Retail market

GSA statistics

    Change from Q1 2018
  • Market inventory:
17,105,581 SF --
  • Quarterly absorption:
148,659 SF --
  • Market vacancy rate:
10.23% No change
  • Average weighted rental rate:
$13.63 Higher by 3.49%

GSA core statistics

    Change from Q1 2018
  • Quarterly absorption:
16,272 SF --
  • Market vacancy rate:
4.42% Lower by 33 basis points
  • Average weighted rental rate:
$25.09 Higher by 6.27%

GSA non-core statistics

    Change from Q1 2018
  • Quarterly absorption:
132,387 SF --
  • Market vacancy rate:
12.85% Higher by 23 basis points
  • Average weighted rental rate:
$10.74 Higher by 1.90%

Full market reports will be provided in the coming weeks with extensive, final data and more analysis. To receive these reports automatically via email, sign up here.