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2021 Q4 Multifamily Columbia Report

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Multifamily demand will push occupancy rates higher

Key Takeaways

  • 598 units will deliver in 2022
  • Monthly asking rental rates increased 8.42% year-over-year for new leases

The Columbia multifamily occupancy rate was 94.3% at year-end despite 258 units of negative absorption which is likely a combination of belated effects from the pandemic and renters becoming homeowners.

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2021 Q4 Multifamily Columbia Report

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