Jul
08

Upstate Apartment Supply Up In 2009

By
– GSA Business

The supply of rental housing in the Greenville-Spartanburg market rose by 505 units so far in 2009, according to new statistics from Real Data, a Charlotte-based multi-family market analyst.

In 2008, the region had the largest increase in new supply in 10 years, Real Data reported.

“Although development has slowed, new supply is still forecast to outpace demand. There were 525 new units started in the first half of 2009 and 764 units are under-construction,” the analyst said.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.gsabusiness.com/news/28479-upstate-apartment-supply-up-in-2009
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