Greer Commercial Real Estate Market
Greer's commercial real estate value proposition centers on its position within the I-85 automotive manufacturing corridor. BMW's plant — technically just south of Greer in the Spartanburg County portion — produces over 400,000 vehicles annually, and the automotive supply chain it has attracted fills industrial space throughout the Greer area. Tier 1 and Tier 2 automotive suppliers, tire manufacturers, plastics companies, and logistics providers need production and warehouse space with I-85 access and proximity to BMW. This industrial demand is Greer's defining commercial characteristic.
GSP Airport — the upstate's primary commercial airport — adds aerospace and logistics demand to Greer's market. Lockheed Martin, aviation maintenance companies, and air cargo operations generate specialized industrial and flex demand near the airport. Retail along Wade Hampton Boulevard and the US-29 corridor serves both the Greer population and the growing residential communities between Greenville and Spartanburg. Pelham Medical Center (part of Prisma Health) anchors healthcare demand. Downtown Greer's revitalization along Trade Street is creating emerging demand for restaurants and boutique retail.
Greer's cap rates position between Greenville and Spartanburg, typically 50 to 100 basis points above Greenville. Industrial properties command the strongest buyer interest, with BMW supply chain tenancy adding a quality premium. The buyer pool includes automotive manufacturers seeking owner-occupied facilities, industrial REITs building I-85 corridor portfolios, and yield-focused investors attracted by the manufacturing demand stability. For sellers, connecting your property to the BMW/automotive narrative or the GSP airport logistics story significantly strengthens buyer interest and competitive bidding.
Top Property Types in Greer
Industrial & BMW Supply
Greer's I-85 corridor is ground zero for BMW's automotive supply chain, with tier suppliers, tire manufacturers, plastics companies, and just-in-time logistics providers competing for industrial space within a 20-minute drive of the assembly plant. Properties with heavy power, adequate floor loads for manufacturing equipment, dock-high loading, and trailer court access trade most competitively. Modern clear-height warehouse (30'+) with I-85 access within 2 miles generates the strongest buyer interest. GSP airport proximity adds aerospace and air cargo demand to the industrial tenant mix.
Retail & Restaurant
Wade Hampton Boulevard and the US-29 corridor concentrate retail serving Greer's growing population and the residential communities expanding between Greenville and Spartanburg. The Pelham Road area bridges Greer and Greenville, creating a retail zone that draws from both markets. Downtown Greer's Trade Street revitalization — restaurants, coffee shops, and boutique retail — is creating a walkable commercial node that mirrors the early stages of Greenville's Main Street transformation. Properties with downtown visibility and character architecture offer appreciation potential as the revitalization gains momentum.
Office & Flex
Pelham Medical Center and the expanding Prisma Health network generate medical office demand along Pelham Road and in the Greer area. The city's growing residential population — driven by affordability advantages over Greenville — compounds healthcare utilization annually. Physician practices, urgent care facilities, and specialty clinics serving the I-85 corridor population maintain stable occupancy. Multi-tenant medical buildings near the hospital attract both local physician-investors and regional healthcare REITs building upstate portfolios.
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