Colliers Report: Columbia Multifamily Market Q1 2026

Colliers | South Carolina Market Report

Columbia multifamily growth continues to concentrate in downtown.

Market Highlights

The Columbia multifamily market remains dynamic amidst an ongoing regional transformation, with population gains continuing to support multifamily expansion and reinforce long‑term housing demand.

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Key Takeaways

• Columbia continues to grow from infill development and is one of the fastest-growing large municipalities in South Carolina.
• Once completed, the current downtown construction pipeline will increase the multifamily inventory by 25%, marking significant infill of the low-density urban core.
• The North Richland submarket has emerged as a key development hotspot, supported by rapid population growth and the influence of the Scout Motors employment hub.

About Colliers

Colliers | South Carolina is the largest full-service commercial real estate firm in South Carolina with an annual transaction volume of $1.5 billion. The firm has 225 real estate professionals covering the state with locations in Charleston, Columbia, Greenville and Spartanburg. Colliers is the largest manager of commercial real estate properties in South Carolina with a portfolio of over 31 million square feet of office, industrial, retail and healthcare properties. Colliers | South Carolina’s sister company, LCK, provides project management services across the Southeast and beyond with an annual project value of $1.3 billion. LCK helps clients maximize the value of their development projects while remaining on schedule and within budget. Colliers and LCK staff hold more professional designations than any other commercial real estate firm in South Carolina.

Colliers is a global diversified professional services and investment management company. Operating through three industry-leading platforms – Real Estate Services, Engineering and Investment Management – we have a proven business model, an enterprising culture and a unique partnership philosophy that drives growth and value creation. With $5.5 billion in annual revenues, a team of 24,000 professionals, and $108 billion in assets under management, Colliers remains committed to accelerating the success of our clients, investors, and people worldwide. Learn more at corporate.colliers.com, X @Colliers or LinkedIn