With consistent growth, ample availability, and reasonable prices, the Greenville market is one of the best places to invest in commercial real estate right now. Learn more about why you should choose Greenville for your next business investment property below.
The Greenville population continues to show steady and sustainable growth
The 2010s were a banner decade for population growth in South Carolina as a whole and Greenville specifically. Estimates between the most recent census in 2010 and 2017 numbers show that the population of the city increased by nearly 17 percent. While the pace of growth slowed in the last couple of years of the decade relative to the earlier period, the city continues to maintain a very healthy population growth rate around 2 percent per year that is expected to continue into 2020.
Developers are establishing new residential neighborhoods near commercial centers
Developers crave proximity to desirable and growing residential neighborhoods, and Greenville has them in spades. Many of these places are close enough to commercial centers to make them attractive to prospective residents who want to easily travel to their preferred business, or feature mixed-use developments sought after by millennials and Gen-Z residents. In-town neighborhoods such as downtown and the Village of West Greenville, and adjacent suburbs such as Five Forks continue to grow and attract a strong local clientele for nearby businesses.
The downtown core is thriving
Speaking of downtown Greenville, it’s remarkable how drastic the transformation has been in the area over the past 20 years. The urban core of the city has gone from an afterthought to a central hub, thanks largely to growth-friendly civic policies, an influx of commercial investment, and new residential developments. Commercial property owners in downtown Greenville can now expect steady foot traffic, visitors coming to explore our beautiful city, and a reliable core of residents that support local businesses.
Greenville is a supportive and welcoming community with massive growth potential for your business
As more innovative businesses open and residents flock to the area to enjoy unique neighborhoods and low costs of living, the city will continue to evolve. There’s never been a better time to make your mark on Greenville as a commercial real estate investor, and take advantage of all the benefits the city has to offer.
The Park Group has a dedicated team of commercial real estate agents who have extensive knowledge about properties and neighborhoods throughout the area and are ready to help you find the best investment for your needs. Contact us today to take the first step to become a commercial property owner in one of the most desirable markets in the country.