Tag: multifamily housing
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Build-to-Rent Communities Multiply Across Upstate SC as Renters Outpace Would-Be Buyers
SIMPSONVILLE, S.C. — A wave of build-to-rent housing is spreading across the Upstate as developers bet that more South Carolina families will keep renting single-family homes rather than buying them, adding a new layer of supply to a market still working through an inventory glut on the for-sale side. Tricon Simpsonville, a 93-unit build-to-rent townhome…
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13th Floor Investments Breaks Ground on First Apartments at 250-Acre Union Bleachery Mill Overhaul in Greenville
GREENVILLE, S.C. — Construction has begun on the first residential phase of On the Trail, a 250-acre mixed-use redevelopment rising on the site of the former Union Bleachery textile mill along Old Buncombe Road, marking a major milestone for one of the largest infill projects in Greenville County. Miami-based developer 13th Floor Investments broke ground…
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Greenville Apartment Boom Meets Its Ceiling as Construction Pipeline Thins and Rents Keep Climbing
GREENVILLE, S.C. — After several years of heavy multifamily construction, Greenville’s apartment market is shifting into a tighter, slower-growth phase in 2026, with vacancy holding near 5.8% and rents up 4.2% year-over-year even as the pipeline of new units shrinks, according to a Colliers market update. The tightening comes on the heels of a wave…
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Greenville County Still Leads Upstate Homebuilding, But Rising Costs Push Growth Toward Outlying Counties
New building permit data shows Greenville County’s share of Upstate homebuilding has fallen from nearly 60% to about 40% over two decades, as rising costs push growth toward Spartanburg, Anderson and Laurens counties.
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Spartanburg Housing Push Targets ‘Missing Middle’ as BMW, Milliken Growth Strains Supply
SPARTANBURG, S.C. — Spartanburg County planners and developers are racing to fill a widening gap in “missing middle” housing — duplexes, townhomes and workforce apartments — as job growth tied to BMW Manufacturing and Milliken & Company continues to outpace the supply of moderately priced homes across the Upstate. The median home price in Spartanburg…
Upstate Commercial Real Estate News 