Greenville-Spartanburg’s multifamily deliveries keep pace with demand
Key Takeaways
- 3,375 units will deliver in 2022
- Monthly asking rental rates increased 9.8% year-over-year for new leases
Over the past year, quarterly deliveries have kept pace with demand. Overall there were 3,752 units delivered since the first quarter of 2021 and there were 4,223 units absorbed. Therefore, the occupancy has remained stable at around 93% for the past year.
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