Jan
15

Real Data: 600 Greenville-Spartanburg Apartments Absorbed

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According to Real Data, the Greenville-Spartanburg-Anderson occupancy rate is currently 92.2%. There were over 600 units absorbed over the past six months. The Greenville-South submarket experienced the strongest demand during this time period.

The majority of units added to the supply over the past six months are located in the Greenville-South submarket. There are approximately 600 units currently under-construction and nearly 1,800 units proposed for the region.

Occupancy rates will likely remain steady over the next year as new supply is absorbed. Rental rates are forecasted to experience modest growth throughout 2014.

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    Categories : Greenville, Spartanburg

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