Greetings everyone.
Looking at the raw population growth data (very strong, even explosive), Greenville (UA, MSA, & CSA) will certainly continue to see exciting new development announcements, and the region will face increasing growth pains. Leaders in all sectors need to be prepared and aware that the area is growing and will continue to change -- for better and/or worse.
Regarding the higher cost of construction, hopefully this article proves true:
“But I think we’re approaching a tipping point where cost increases will plateau,” Jacobs says. “Supply chain issues have largely been worked out and GCs and subcontractors are looking for work which will affect estimating in a positive direction going forward.”
Source