Greenville–Spartanburg is a major advanced manufacturing hub anchored by BMW's US manufacturing plant, Michelin North America HQ, and significant German/European automotive supplier presence. Industrial real estate fundamentals are among the strongest in the Southeast.
By Angel Campa, Founder · Updated March 2026
Commercial Space
25M sq ft
Avg Office Rent
$16–$26/sq ft
Vacancy Rate
12%
Avg Lease Term
5–15 years
Greenville industrial leases are predominantly NNN. BMW and automotive supplier leases include specialized manufacturing and equipment provisions. Office is Modified Gross.
South Carolina Landlord–Tenant Guide
State-specific commercial lease laws, notice periods, and tenant rights for South Carolina →
BMW's Spartanburg plant and its massive supply chain generate industrial NNN leases with specialized manufacturing use provisions. Foreign tenant leases (German, Japanese suppliers) often require careful assignment and subletting rights extraction.
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