Amazing! Rent rates are rising double-digit percentages in some areas of the upstate! Sale prices are going through the roof! For those of us who lived through the “great downturn,” it smells and feels a bit like 2005-06! However, the economy this time seems to support the increases with demand and a widening footprint! Micro areas like downtown Greenville, Augusta Rd., Gower, Simpsonville are experiencing record-setting increases in rents and sale prices. In these areas, some rental rates are $1 per square foot or more (We did not experience this last time). And sales are going up to $150/$200+ per square in these micros. We have surpassed the Charlotte Metro area with these numbers.
Expansion Beyond Micro Areas
Further out from the micros, suburbia and even the “country” are increasing but not quite at the clip that the “micros” are. In the counties; Spartanburg, Anderson, and Greenville. Anything close to corridors, shopping, and good schools are experiencing a “spill-over” effect from Greenville’s rise! It’s an excellent time to invest in local real estate, maybe the best time ever! You decide. (That’s my disclosure that we are real estate experts but not fortune tellers)
If you have a house that you want to rent or sell please contact us, we can help! 864-395-6538 or firstname.lastname@example.org.
To your success!
Do you have questions about maximizing your return on your real estate investments? I invite you to call me and discuss your needs. With many years in the business, I’m confident I can guide you in the right direction. We help our clients rent, buy, and sell real estate in the upstate of South Carolina. Call 864-395-6538 for more info on how to make money in real estate!
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