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Record Low Vacancy for Greenville Apartments

Posted By: Andrea Graham Industry , Today's Trends ,

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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