Market research · point-in-time market census
The Spartanburg medical-office market
Institutional brokerages publish "Greenville–Spartanburg office" reports in which Spartanburg is a suffix and medical office is never broken out. This page assembles what a medical-space decision actually needs: what exists, what it asks, what it leases for, and how the hospital corridors are organized. Every figure is dated — small-market data is a snapshot, not a series.
For-sale inventory (point-in-time, Aug 2026)
| Property | Ask | SF | $/SF | State |
|---|---|---|---|---|
| 130 Dillon Dr (medical, partially leased — Ortho Sport & Spine, Family Medical Center) | $1,810,000 | 7,200 | ~$251 | stabilized/partially leased |
| 125 Dillon Dr (subject of this site) | $775,000 | ±10,000 | ~$77.50 | vacant, mid-renovation |
| Portal average, Spartanburg "medical office for sale" category (~6–7 listings) | — | avg ~7,199 | ~$184 (range ~$70–249) | mixed |
Recent benchmark: 1770 Skylyn Drive — a vacant ~9,594 SF former medical office two blocks from the subject — asked $825,000 (~$86/SF) and sold December 19, 2025 (closed price undisclosed). Full comp treatment: comparables page.
Lease context
- Quoted office/medical lease rates in Spartanburg listings run roughly $14.92–22.50/SF/yr; medical space at 130 Dillon Dr asks $20/SF for 4,015 SF.
- The subject's flyer quotes $10.00/SF NNN — the lowest quoted rate we found in the submarket, consistent with its unfinished condition.
- 200 Dillon Circle has appeared at $7.95/SF NNN (listing appears stale — treat with caution).
- On-campus Class A space at the Hugh R. Black Pavilion is marketed without published rates (typically a premium to the corridor).
The Mary Black corridor, building by building
The medical node around the Spartanburg Medical Center – Mary Black Campus (1700 Skylyn Dr; 231 beds) is the east side's healthcare anchor:
| Address | What it is | Status |
|---|---|---|
| 1700 Skylyn Dr | Spartanburg Medical Center – Mary Black Campus: 24-bed ED, 9 ORs, inpatient rehab (18-bed CARF unit), joint center, cardiology, sleep, geriatric psychiatry + adult behavioral crisis units | operating (SRHS) |
| 1650 Skylyn Dr | Hugh R. Black Pavilion — ~109,500 SF Class A on-campus medical office building (originally built for Steadman Hawkins orthopedics) | actively leasing |
| 1690 Skylyn Dr | Multi-tenant SRHS/Medical Group of the Carolinas offices (family medicine, surgery) | operating |
| 1776 Skylyn Dr | Skylyn Medical Associates | owner-occupied |
| 1770 Skylyn Dr | ~9,594 SF former medical office (vacant analog to the subject) | sold Dec 2025 (TARVI LLC) |
| 130 Dillon Dr | 7,200 SF medical — Ortho Sport & Spine Physicians, Family Medical Center | for sale $1.81M; 4,015 SF for lease |
| 125 Dillon Dr | ±10,000 SF former eye-clinic medical office on 1.37 AC | for sale $775k / lease $10 NNN |
| 200 Dillon Cir | medical office building (county record) | lease listing appears stale |
The corridor's honest condition: mature and hospital-anchored, with real second-generation vacancy — the subject, part of 130 Dillon, and until recently 1770 Skylyn. Demand exists (the hospital, established practices, a sold comp) but is not fierce; anyone underwriting lease-up here should assume quarters, not weeks.
Regional context — read the scope labels
- Greenville–Spartanburg office market (ALL office, not medical): vacancy 6.8% (Q1 2026) improving to 6.1% (Q2 2026) — among the tighter U.S. office markets; average asking rent ~$23.25–25.43/SF; average sale price $143.84→$147.90/SF; average cap rate 7.5–7.8%; net absorption strongly positive (Lee & Associates).
- Downtown Spartanburg (all office): extremely tight — ~2.8% total vacancy reported Q3 2025, with the first speculative CBD office construction in a decade underway (Colliers, via trade press).
- National medical-office (labeled national): ~92% occupancy, record asking rents ~$25/SF, cap rates ~6.5–7.0%, strong investor demand (2025–2026 healthcare real estate research).
- System demand infrastructure: Spartanburg Regional is the county's largest employer (700+ physicians, 1,350 licensed acute beds, 120+ Medical Group of the Carolinas practices) — the referral economy any medical tenant here plugs into.
What could make this page wrong
- Portal category counts change weekly; the inventory table is a dated snapshot (Aug 2026), not a census with error bars.
- Asking prices are seller opinions; only the 1770 Skylyn transaction tests the market, and its price is undisclosed.
- Quoted lease rates mix gross and NNN structures across listings; normalize before comparing precisely.
- Hugh R. Black Pavilion occupancy/rates are unpublished; its true competitive pressure is estimated, not measured.
Where this leads
For operators weighing the corridor: the owner-user analysis prices ownership at the bottom of this market against leasing at its middle; the multi-tenant analysis stress-tests a landlord strategy against the vacancy documented above; and the underwriter lets you rerun both with your own assumptions. The subject asset's full record is at /property/.
- Spartanburg County CAMA parcel records (corridor buildings, uses, owners) [T1 · 2026 extract]
- Spartanburg Regional — Mary Black Campus services [T2]
- Lee & Associates, Greenville/Spartanburg Office Market Reports [T3 · Q1–Q2 2026]
- Colliers Q3 2025 downtown Spartanburg data (via Upstate trade press) [T3 · Q3 2025]
- Avison Young — Hugh R. Black Pavilion leasing page [T4]
- LoopNet/Crexi Spartanburg medical-office category pages (inventory snapshot, asking prices) [T4 · as of 2026-08-23]
- Upstate Business Journal Dealmakers (1770 Skylyn Dr sale) [T3 · Q1 2026]
Last reviewed 2026-08-23.