Colliers Report: Greenville-Spartanburg Multifamily Market Q1 2025
June 16, 2025
Colliers | South Carolina Market Report
Strong regional economy boosts multifamily performance
Market Highlights
A wave of economic growth across the Greenville-Spartanburg market continues to bolster multifamily demand. Simultaneously, lifestyle-driven growth resulting from increased national recognition marked by a major redevelopment planned at Verdae along the Swamp Rabbit Trail. The market continues to see historic mill redevelopment projects boosted by South Carolina’s tailored tax incentives.
Continue reading the full report.
Key Takeaways
- Continued robust absorption could pressure availability in some submarkets if deliveries do not accelerate
- Rent growth up slightly as demand is strong, though consistent with inflation
- Rising single-family prices may push new residents towards multifamily properties, enhancing the investment outlook
About Colliers
Colliers | South Carolina is the largest full-service commercial real estate firm in South Carolina with 66 licensed real estate professionals covering the state with locations in Charleston, Columbia, Greenville and Spartanburg. Colliers is an Accredited Management Organization (AMO) through the Institute of Real Estate Management (IREM) and is the largest manager of commercial real estate properties in South Carolina with a portfolio of over 26 million square feet of office, industrial, retail and healthcare properties. Colliers’ staff hold the most professional designations of any firm in South Carolina. Colliers | South Carolina’s partner, LCK, provides project management services for new facilities and renovations across South Carolina.
Colliers is a global diversified professional services and investment management company. Operating through three industry-leading platforms – Real Estate Services, Engineering and Investment Management – we have a proven business model, an enterprising culture and a unique partnership philosophy that drives growth and value creation. With annual revenues exceeding $4.8 billion, a team of 23,000 professionals and $99 billion in assets under management, Colliers remains committed to accelerating the success of our clients, investors and people worldwide. Learn more at corporate.colliers.com, X @Colliers or LinkedIn.
