No. 1 Biggest Rent Hike: Greenville, S.C.

Annual increase: 11.2%
Average monthly rent: $669
Vacancy rate: 7.7% (9.5% in 2009)
Average concession: -4%

The largest rent increase in the Greenville metro, home to Michelin, GE, Fluor, and Lockheed Martin, was 11.6 percent in parts of south Greenville County, according to AXIOMetrics. Unemployment in the Greenville-Mauldin-Easley area fell to 9.8 percent last year, based on BLS preliminary estimates, from 10.5 percent in 2009. The area saw an uptick in manufacturing activity as GE ramped up production at its gas turbine manufacturing plant. Southwest Airlines launched new flights to the area last year. Also, electric bus maker Proterra announced a new research and development facility that is expected to create 1,300 new jobs in Greenville County over the next seven years.

 
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