Jun
30

Greenville Multifamily Market Overview

By

– Southeast Real Estate Business

The Greenville multifamily market is taking its cues from commercial real estate sectors throughout the Southeast. Though Greenville is a smaller market and thus does not have the same volume of problems as larger cities, apartment brokers are still seeing signs of the recession.

“Greenville is pretty much mirroring the nation right now, with increased vacancies and the related increase in concessions,” says Michael Dodds of Integra Realty Resources. He adds that the vacancy rate sits at 10.1 percent, which is an increase of 270 basis points since the first quarter of last year. Most of this increase occurred during the fourth quarter of 2008 and the first quarter of 2009.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:
http://www.southeastrebusiness.com/articles/JUN09/snapshot5.html
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BLOG NOTE:
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Keep in mind that this article was written months before the publication reached the mailboxes. Conditions have changed since then…… Integra Realty Resources – SC has completed numerous appraisals and rent studies on multi-family properties in the Greenville region. Call us we can help you.
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Michael Dodds

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