downtown Greenville SC rental market softening

[Mike Dymski]

Is anyone noticing softening in the downtown Greenville SC rental market (maybe in the $1000-1400 rental range)?  There are more units on market in the 29609 area code than I have ever seen and days on market appear to be going way up.  All the new apartment inventory could be the culprit and there is more coming online.  I am not close enough to the market anymore now though; so, very open to your feedback...let me know what you are experiencing with your properties.

[Junior Salters]

Hey Mike,

I of course have not bought in Greenville but I do know a guy who attends our REI meeting who manages properties downtown has been having more difficulty getting units rented due to the new apartments having a lot more amenities than the condos he is offering. Again, take that for what its worth !