The International Center for Automotive Research (ICAR) is doing great things for the Greenville, South Carolina economy. As this project unfurls, it is bringing more and more engineering jobs, management jobs, and other high paying work to the Upstate. Estimates have stated as many as 20,000 new jobs were going to come from the ICAR project.
What will that do for our market, and our property values. For one thing, the properties near ICAR will probably see an increase in value in general. People tend to want to live near their work, or a reasonable drive from work, so the areas within a thirty minute drive of ICAR will see more influx of these jobs, and therefore, these relocations.
I don't personally think that it will cause any property values to skyrocket, but it certainly will help. Our local market has had slow and steady appreciation (overall) for the last several years. ICAR will simply help certain areas to increase more than others.
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