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2021 Q4 Multifamily Charleston Report

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Charleston’s population growth will push occupancy upward

Key Takeaways

  • 3,424 units will deliver in 2022
  • Monthly asking rental rates increased 13.83% year-over-year 

Occupancy rates within Charleston multifamily properties have steadily increased over the last seven quarters to 93.2%. Average monthly asking rent was approximately $1,473 per unit for the last two quarters. There were 864 new deliveries during the fourth quarter of 2021 and 4,157 units under construction.  

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2021 Q4 Multifamily Charleston Report

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