Columbia multifamily market maintains stable occupancy despite deliveries
- Despite 699 new units delivered this year, the occupancy rate remained stable at 93.8%
- Monthly asking rental rates increased to $1,141 per unit
Ongoing population growth due to southward migration has led to an increasing need for housing. Despite the delivery of 699 new units throughout the market this year, the occupancy remained healthy at 93.8% to end the third quarter of 2022.
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