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2021 Q4 Multifamily Greenville-Spartanburg Report

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Population growth will boost Greenville-Spartanburg’s occupancy rate

Key Takeaways

  • 2,978 units will deliver in 2022
  • Monthly asking rental rates increased 9.6% year-over-year for new leases

Occupancy rates within Greenville-Spartanburg multifamily properties have fluctuated over the last two years ending 2021 at 93.3%. The average monthly asking rent was approximately $1,048 a 9.6 % increase year-over-year. There were 1,045 new deliveries during the fourth quarter of 2021 and 3,838 units under construction. 

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2021 Q4 Multifamily Greenville-Spartanburg Report

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