Our Strategy

Two Asset Classes, One Growing Market

Point Place Holdings invests in two proven asset classes: multi-tenant retail centers and small-bay industrial flex properties. Diversified tenant bases, limited new supply and strong demand across the Upstate make both assets a smart play for long-term returns.

Data as of Q2 2026 · Updated October 2026
4.8%
Small-bay industrial vacancy

U.S., lowest of any size segment

6.0%
U.S. retail vacancy

Below the 7.4% historical average

3.4%
Upstate retail vacancy

Greenville-Spartanburg, Q2 2026

~200K
Inland Port Greer rail moves

Record year, 2025

Small-Bay Industrial

Small-Bay Industrial: Tight Supply, Broad Demand

Small-bay, or shallow-bay, flex buildings are divided into units with a front office and a warehouse bay behind a roll-up door. They house the businesses that keep a regional economy running: contractors, suppliers, distributors, service companies and light manufacturers.

Nationally, this is the tightest corner of the industrial market. Shallow-bay vacancy was 4.8% in Q2 2026, the lowest of any size segment, compared with 6.9% for industrial overall and 8.1% for buildings over 500,000 square feet. Much of the existing stock is older, and little new small-bay space is being built, which keeps vacancy low.

Because the space is leased to many tenants on shorter terms, no single move-out decides a building’s performance, and rents can be brought to market more often.

MeasureQ2 2026Note
Shallow-bay vacancy4.8%Lowest of any size segment
All U.S. industrial vacancy6.9%Down from 7.0% in Q1
500,000+ SF vacancy8.1%Large-box buildings
Asking rent growth+2.9%Year over year
Multi-Tenant Retail

Multi-Tenant Retail: Necessity-Driven and Undersupplied

Our retail centers are open-air strips, anchored and unanchored, leased to a mix of restaurants, services, medical and everyday retailers. These are businesses people visit in person, which makes them more resistant to online competition than mall or big-box retail.

U.S. retail vacancy was 6.0% in Q2 2026, well below its 7.4% historical average. Very little new space is coming: the national development pipeline is under 0.3% of existing inventory. Asking rents rose 2.2% over the year nationally and 3.3% in the South, the strongest of any region.

Spreading income across many tenants and categories lowers the risk tied to any one lease, and limited new construction supports occupancy in existing centers.

MeasureQ2 2026Note
U.S. retail vacancy6.0%Historical average 7.4%
Development pipeline<0.3%Of existing inventory
Asking rent growth, U.S.+2.2%Year over year
Asking rent growth, South+3.3%Strongest of any region
The Upstate: Industrial

An Industrial Base That Keeps Expanding

The Upstate is one of the Southeast’s major manufacturing and logistics hubs. BMW’s Plant Spartanburg, the company’s largest production facility worldwide, built more than 412,000 vehicles in 2025, and BMW completed a $1.7 billion investment in its South Carolina operations in June 2026. Inland Port Greer, which links the region to the Port of Charleston by rail, handled a record of nearly 200,000 rail moves in 2025 and puts about 94 million consumers within a one-day truck drive.

The inland port draws large manufacturers and distributors to the region, which in turn increases demand for the smaller second- and third-tier suppliers and service providers that need small-bay space. Upstate industrial direct vacancy fell to 7.3% in Q2 2026, a full point lower than a year earlier, and new leasing was up about 25% year to date.

MeasureValueNote
Upstate direct vacancy7.3%Down from 8.3% a year earlier
YTD new leasing6.98M SFUp about 25% year over year
Inland Port Greer rail moves~200,000Record year, 2025
BMW Spartanburg output412,000+Vehicles built in 2025
The Upstate: Retail

More Households, Not Enough Retail Space

The Greenville-Anderson-Greer metro passed one million residents in 2025, adding about 86,000 people since 2020. New households need nearby groceries, restaurants, services and medical offices, which is the tenant base of neighborhood retail centers.

Supply has not kept up. Greenville-Spartanburg retail vacancy stood at 3.4% in Q2 2026, average asking rents rose about 5.5% over the year, and the market absorbed more than 400,000 square feet over twelve months.

MeasureValueNote
Upstate retail vacancy3.4%U.S. 6.0%*
Avg. asking rent (NNN)$15.86Up from $15.04 / SF
Asking rent growth+5.5%Year over year
12-month net absorption405,765SF
Metro population1,014,101+9.3% since 2020

Rent is a metro-wide average across all retail property types; NNN rents exclude taxes, insurance and common-area costs. Sources: Lee & Associates, Greenville-Spartanburg Retail, Q2 2026; Post and Courier (U.S. Census Bureau estimates). *U.S. figure from Cushman & Wakefield; methodologies differ.

Our View

Why We Own Both

Retail and small-bay industrial serve different tenants and respond to different parts of the economy, but they share what we look for: many smaller tenants, limited new supply and steady local demand. Focusing on just these two lets us specialize in how we select sites, underwrite deals and manage properties, and the Upstate’s growth gives both room to perform.