Record Low Vacancy for Greenville Apartments
The Greenville area vacancy rate improved by two percentage points over the past year to 5.4%. This is the lowest recorded vacancy rate by Real Data in over twenty years. The Greenville-South submarket currently has the majority of development activity with six communities under-construction. Rents increased over the past year bringing the average monthly rent to $1,020. This is the first time the average rent has risen above the $1,000 mark.
Information provided from Real Data
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