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2022 Q2 Multifamily Charleston Report

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Multifamily construction pipeline is nearing completion

Key Takeaways

  • 1,866 units will deliver in 2022
  • Over the past two years, absorption has outpaced new construction deliveries

Charleston’s multifamily demand during 2019 sparked new multifamily construction. Over the past two years, there have been 7,026 units delivered with 9,042 units of absorption. The current occupancy rate is 94.15%, therefore, few units are available to rent.

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2022 Q2 Multifamily Charleston Report

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Related Experts

James Garrett

Market President

Charleston

I am the Market President for the Charleston, SC Market. My responsibilities include the management of Colliers’ Charleston area brokerage staff, recruiting and business development as well as community and civic affairs and economic development. I also serve on the company’s statewide Management Committee and its Board of Directors.

I am a seasoned commercial real estate professional with more than 30 years of experience in the industry. I am very knowledgeable about commercial real estate brokerage, corporate real estate, operations and trainings.

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