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2022 Q1 Multifamily Charleston Report

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New deliveries are keeping pace with absorption

Key Takeaways

  • 2,878 units will deliver in 2022
  • Monthly asking rental rates increased nearly 15% year-over-year

Charleston multifamily deliveries are keeping pace with demand resulting in a steady occupancy rate of approximately 93% over the previous three quarters. There are currently 3,961 units under construction, 2,878 units of which will deliver this year.

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2022 Q1 Multifamily Charleston Report

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