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2022 Q1 Multifamily Greenville-Spartanburg Report

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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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2022 Q1 Multifamily Greenville-Spartanburg Report

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