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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