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2022 Q3 Multifamily Columbia Report

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Columbia multifamily market maintains stable occupancy despite deliveries

Key Takeaways

  • 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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2022 Q3 Multifamily Columbia 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 persevere 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 have the great honor or currently serving as the President-Elect of SIOR Global - Society of Industrial and Office REALTORS®. I will become President of this worldwide organization in the fall of 2023.

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