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2022 Q2 Multifamily Myrtle Beach Report

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New construction is keeping pace with multifamily demand

Key Takeaways

  • 2,180 units will deliver in 2022
  • With new apartments being completed each quarter, the occupancy rate fluctuated over the past year and is currently 86.36%

The demand continues to be strong for multifamily units in the Myrtle Beach area. Coastal Exchange Apartments added 300 units and The Pines at Highland Forest added 30 units to the overall Myrtle Beach multifamily market inventory this quarter.

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2022 Q2 Multifamily Myrtle Beach Report

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Related Experts

David Lockwood

Executive Vice President and COO | South Carolina

Columbia

I have a great appreciation for business competition and enjoy helping our team members win. This has been relevant in my career in brokerage activities with our clients and now with my approach to management. I enjoy seeing the success of people within Colliers who apply a strong work ethic and perservere to win assignments. I possess a strong passion for helping our clients achieve their goals whether it is in leasing space or determining solutions to complicated real estate matters. 

I am very active in numerous real estate organizations. I am a South Carolina Real Estate Commissioner. I am currently the Vice President of SIOR Global and will assume the role of President-Elect in October 2022.

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