Spartanburgs Downtown Area Boosts Local Commercial Real Estate Market

Spartanburgs Downtown Area Boosts Local Commercial Real Estate Market

20 Jan 2015

Downtown Spartanburg is seeing a resurgence of retail, office and residential real estate.  In fact our reports show that 20 new businesses opened in downtown Spartanburg in 2013.

More Jobs Coming to Spartanburg
With this resurgence in downtown Spartanburg, jobs have also become more prevalent.  The Spartanburg Economic Futures Group reports that the area has seen over 5,900 jobs created since 2009.

Spartanburg Commercial Real Estate
The county of Spartanburg has four new industrial projects that are either under construction or being designed.  These projects are all being funded by private developers who are obviously bullish on Spartanburg commercial real estate.  This is good news for the residents of Spartanburg as more commercial real estate often means more jobs in the future.

New Restaurants in Downtown Spartanburg
Spartanburg has seen a spike in new restaurants opening downtown thanks to the revitalization of commercial real estate in the area.  Some of the restaurants that you should check out if you haven’t already include:

·      The Speakeasy – The owner of Cribb’s Kitchen opened this bar as a throw back to the 1920s era.  Sample cocktails from the Prohibition-era.

  •  Willy Taco A new Mexican restaurant located on Main Street.
  •  Wild Ace Pizza and Pub This is the company’s second location and is in Morgan Square (the first location is in Greer).
  •  Renato’s Italian Restaurant This popular Italian restaurant is looking to relocate to a larger space in downtown Spartanburg.
  •  Dottie’s Toffee This family owned confectioner recently moved into a renovated spot on Spring Street.

Be sure to check out these new restaurants as you explore all that has changed in downtown Spartanburg.

Residential Real Estate in Spartanburg

With the increase in available jobs through the relocation of companies as well as the resurgence of the downtown area, Spartanburg also has a few residential real estate projects underway.

  •  Magnolia Street LoftsIs a beautiful renovation of the old Oregon Hotel, which has been transformed into 27 residential units.
  • Schuyler Building Apartments This 88 unit apartment complex is currently undergoing extensive renovations.
  • 314 South Townhomes – This is a new townhome development that is under construction close to the Mary Black Rail Trail.

Questions about Residential or Commercial Real Estate in Spartanburg?
If you want in on some of the action that is happening in downtown Spartanburg, give the Spencer/Hines Properties team a call today at 864-583-1001.   We would be happy to show you a variety of properties in the downtown Spartanburg area that will perfectly fit your commercial or residential needs.

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