There has been much talk on how the Upstate housing market has been able to stay so strong during the 2020 coronavirus pandemic. Many of our new residents moved to the Greenville area for the usual reasons: a temperate climate, a lower cost of living and a more laid back lifestyle. But there is another segment of new Greenvillians who moved here specifically because of the coronavirus. People who decided high density living in an expensive city with a dependency on public transportation had lost its appeal. Finally the third group are those who have moved during the past year because of employment opportunities. Yes, that’s correct; in 2020, in the middle of a pandemic, people are still flocking to the Upstate in record numbers because of our growing job market.
From April, 2020 to the beginning of December, scores of new companies have either opened or relocated to the Greenville/Spartanburg/Anderson area or have announced plans to do so in the coming months. Many of these businesses have international ties centered around the aviation and automotive industries already operating in the Upstate. And the creation of new employment opportunities goes hand-in-hand with the need for additional apartments to rent and homes to purchase.
Some of the new companies helping to ensure the Upstate economy stays strong include:*
- Aero Precision/Kellstrom Defense, a leading military aviation sustainment provider who is establishing manufacturing operations in Greenville County.
- Techtronic Industries, designer and manufacturer of power tools, outdoor power equipment and hand tools, plans to expand its operations in Anderson County with a $100 million investment slated to create 525 new jobs.
- JIDA Industrial Solutions, an intelligent material handling firm and Global Trade Logistics, a third-party logistics company who are joining forces to establish operations in Greenville County. The $4.5 million investment will create 78 new jobs.
*Information provided by the Upstate SC Alliance.
Large scale manufacturing companies are not the only businesses coming to the Upstate. Many local entrepreneurs have also decided to take advantage of all Greenville has to offer.
- Insomnia Cookies is a franchise bakery providing fresh baked cookies delivered right to your door.
- The Savannah Bee Company selling specialty honey and honeycomb health, beauty and body care products recently opened in downtown Greenville.
- Plum, a home décor store has opened in the Haywood Mall.
All this new growth, both in employment and housing, is quite impressive and just goes to show what a truly special part of the country the Upstate of South Carolina is.
Contact Carolina RES today either online or by calling 864-242-1099 for all your real estate service needs. And with the holiday season here, we would like to wish all our clients, past, present and future, a very merry holiday season.