Highlights
- The average rent for office space in Greenville is $24.60 per square foot, 1.22% higher compared to the previous year.
- The market’s vacancy rate stands at 20.17%, higher than the state average of South Carolina, which is 15.01%.
- Renting Class A/A+ office space here costs $28.93 per square foot, while Class B averages $20.91 and Class C stands at $17.46.
2025 Office Space Rent & Sales
- $24.60 2025 Avg. Asking Rent
- 1.22% Y-o-Y Avg. Asking Rent Change
- 20.17% 2025 Office Vacancy Rate
- $51.4M2025 Total Office Sales
- $136.10Avg. Sale Price/SF
What is the average asking rent price for office space in Greenville?
Average asking rents for office space here stand at $24.60 per square foot. The local office market recorded an average vacancy rate of 20.17% in 2025, unchanged from 20.17% in 2024.
Office transactions in the local market in 2025 totaled a sales volume of $51.4M across 6 sales. These transactions commanded an average sale price per square foot of $136.10.
Greenville, SC Office Asking Rents by Class
What is the average office rent per square foot by property class in Greenville?
- Avg. Asking Rent Class A & A+$28.93
- Avg. Asking Rent Class B$20.91
- Avg. Asking Rent Class C$17.46
The average asking rent for Class A and A+ office space stood at $28.93 per square foot, indicating the best — and most expensive — that the market has to offer.
Class B space in Greenville averaged $20.91 per square foot, while the average for Class C space was $17.46 per square foot.
What is the average office rent per square foot by property class in SC?
- Avg. Asking Rent Class A & A+$28.43
- Avg. Asking Rent Class B$23.01
- Avg. Asking Rent Class C$16.34
For comparison, the average rent for Class A and A+ office space in South Carolina was $28.43 per square foot. The state-wide average for Class B space was $23.01 per square foot, and Class C office spaces averaged $16.34 per square foot.
Greenville, SC Office Indicators by Submarket
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Greenville - Central Business District | $34.41 | 11.54% |
| Greenville - I-85 Corridor | $28.00 | 12.30% |
| Greenville - West | $26.66 | 10.07% |
| Greenville - I-385 North | $26.62 | 14.44% |
| Greenville - East Park Avenue | $23.00 | 8.21% |
| Greenville - I-385 South | $21.01 | 44.77% |
| Greenville - Airport | $19.29 | 33.65% |
| Greer | $13.95 | 7.36% |
2025 Office Sales Volume
- $136.102025 Avg. Price per SF
- -4.26%Y-o-Y Avg. PpSF Change
- $51.4M2025 Office Sales Volume
- 62025 Number of Transactions
What is the average sale price per square foot for office space in Greenville?
Average sale prices for office space in this market recorded a -4.26% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $136.10 per square foot. For comparison, the statewide South Carolina average during the same time period stood at $173.94 per square foot, while the national average was $182.48 per square foot.
Greenville, SC Sale Price per SF Trend
- Greenville Avg. Sale Price per SF in 2025$136.10
- South Carolina Avg. Sale Price per SF in 2025$173.94
What was the total office sales volume in Greenville in 2025?
The local office market recorded 6 deals in 2025, adding up to a yearly sales volume of $51.4M.
- Greenville, SC Total Office Sales Volume in 2025 $51.4M
- Greenville, SC Total Number of Office Sales Closed in 2025 6
Office Construction in Greenville, SC
What are the largest recent office completions in Greenville?
The largest recent office completion here is Falls Tower at 224,300 square feet, completed in 2021. The next largest completions are Hubbell Lighting Headquarters and 701 Millenium Blvd.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Falls Tower | 355 South Main Street, 29601 | 224,300 | 2021 |
| 110 East Court Street | 110 East Court Street, 29601 | 125,000 | 2017 |
| Main @ Broad | 40 West Broad Street, 29601 | 65,000 | 2010 |
| Hubbell Lighting Headquarters | 701 Millennium Blvd, 29607 | 185,000 | 2007 |
| 701 Millenium Blvd | 701 Millenium Blvd, 29607 | 184,789 | 2007 |
| 200 East Broad Street | 200 East Broad Street, 29601 | 108,000 | 2002 |
| 11 Brendan Way | 11 Brendan Way, 29615 | 39,504 | 2001 |
| Office Park Patewood - VI | 10 Patewood Drive, 29615 | 107,274 | 2000 |
| Poe West | 556 Perry Avenue, 29611 | 66,597 | 1997 |
| 121 Edinburgh Ct | 121 Edinburgh Ct, 29607 | 5,675 | 1997 |
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Disclaimer
All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor Yardi Research Data can guarantee that the information provided is complete.