Spartanburg named #1 Small Metro with the Most Economic Growth in 2021 by national property management tool
June 15, 2022
Stessa, a tool specializing in property information for real estate investors and developers, ranked Spartanburg as the #1 Small Metro with the Most Economic Growth in 2021. The ranking was determined by a composite score, including analysis of:
- Percentage change in total employment
- Unemployment rate
- Average monthly building permits per 100,000 residents
- Average monthly home sales per 100,000 residents
- Population size
Key takeaways:
- Spartanburg, SC was the top Small Metro. Huntsville, Ala. was the top Midsize Metro, and Nashville, Tn. was the top Large Metro.
- Overall, Spartanburg ranked fourth in the nation behind three Midsize Metros (Huntsville, Ala., Sarasota, Fl., and Port St. Lucie, Fl.) and ahead of all Large Metros.
“This is another national recognition primarily due to the strength of our public and private partnerships. With 80 diverse projects in the pipeline, we are confident about Spartanburg’s long-term ability to develop economic opportunities for the people of our community.” — OneSpartanburg, Inc. President & CEO Allen Smith
More information including the full rankings set can be found at https://www.stessa.com/blog/cities-with-most-economic-growth/.
