Quick Trend Reports and Flex Space- What Are the Important Factors?

Spartanburg, SC

Office

• Average Cap Rate 10.8%
• Vacancy Rate 3.6%
• Average Sales Price Per Square Foot $116
• Average Price Per Square Foot for Lease $21.09

Retail

• Average Cap Rate 8.3%
• Vacancy Rate 3.3%
• Average Sales Price Per Square Foot $129
• Average Price Per Square Foot for Lease $14.44

Multi Family

• Average Cap Rate 5.8%
• Vacancy Rate 16.4%
• Average Price Per Unit $141K
• Average Rent $1270/ month

Industrial

• Average Cap Rate 8.6%
• Vacancy Rate 13.6%
• Average Sales Price Per Square Foot $67
• Average Price Per Square Foot for Lease $6.42

Flex Space

What is the one thing users consistently request in a flex building? Watch this video!

Along with outdoor storage, there are several other factors that are important in a flex building including

• Power
• Truck Access
• Interstate/ Port Accessibility
• Dock Doors
• Drive Ins
• Ceiling Heights
• Office Space/ Bathrooms
• Slab Thickness
• And More

Small flex properties are in demand in Spartanburg County. The current vacancy rate for flex buildings 30,000 sq ft and under is 5.3%

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Which submarkets have the most inventory, highest rent, and the most new construction? Watch this video!

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406 Tiffany Park Circle, Gaffney SC

213 S Alabama Ave, Chesnee SC

Featured Property

About McDaniel and Company

Our Mission

To conduct real estate transactions using excellent service, professional knowledge, and sound ethics to enrich the lives of our clients and to contribute to the economic growth and development of the Carolinas. 

Our Vision

To be the best commercial real estate brokerage in our market area.

Our Core Values

• Serving Clients’ Best Interest
• Integrity
• Professionalism
• Respecting Public’s Best Interest
• Commitment to Economic Growth

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446 Oak Grove Road, Spartanburg, SC

McDaniel and Company is one of the Upstate region’s leading commercial, industrial, multi-family, and investment property firms. We deliver on all levels. Our reputation and years of experience are factors you can count on.