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2022 Q3 Multifamily Myrtle Beach Report

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It will take several quarters for multifamily demand to catch up to supply

Key Takeaways

  • 1,745 units will deliver in 2022
  • Occupancy rate is decreasing due to new deliveries each quarter

Multifamily demand kept pace with new deliveries last year. However, over the first three quarters of this year, there have been 708 units absorbed out of the 1,679 units delivered. Absorption peaked in the second quarter of last year.

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2022 Q3 Multifamily Myrtle Beach Report

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David Lockwood

Executive Vice President and COO | South Carolina


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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