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2022 Q2 Multifamily Greenville-Spartanburg Report

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New apartments will alleviate constraint in the multifamily market

Key Takeaways

  • 2,984 units will deliver during the second half of 2022
  • New apartments will give tenants options in the tight Greenville-Spartanburg multifamily market 

Multifamily properties are currently one of the best-performing sectors of commercial real estate. In the Greenville-Spartanburg market there are consistently more apartments absorbed than quarterly deliveries. There are 5,051 units under construction, 2,984 units of which are planned to deliver before the end of this year.

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2022 Q2 Multifamily Greenville-Spartanburg Report

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David Feild

Market President Greenville-Spartanburg

Greenville

I am the Market President for the Greenville-Spartanburg-Anderson market, also known as the Upstate. My responsibilities include the management of the brokerage staff in the Greenville and Spartanburg offices as well as the growth of the company’s sales, leasing, property management and project management business. In support of this growth, one of my primary responsiblities is recruiting talent to Colliers. I also serve on Colliers International | South Carolina’s statewide management group and specialize in developing and implementing strategic and tactical plans to best use the resources of Colliers International.

I assist the brokerage staff in Greenville and Spartanburg, comprised of office, retail, industrial and land leasing and sales specialists, with strategies for achieving clients’ real estate objectives. I very much enjoy seeing the development of talent and growth within the company. This growth is measured in many ways, including repeat business with clients, the overall client satisfaction with our services and the growth in sophistication of the transactions that we are involved in. Attracting fresh, talented minds to our team, combined with the wealth of experience that many of our brokers possess, enables us to stay ahead of the changing markets and remain as a top third-party commercial real estate service provider in the state of South Carolina.

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