Colliers Report: Charleston Multifamily Market Q1 2026

Colliers | South Carolina Market Report

Charleston multifamily demand holds steady as growth pushes inland.

Market Highlights

Development activity is accelerating inland from Charleston, particularly across the North Charleston and Summerville/Goose Creek submarkets, where nearly 1,500 units are currently under construction. These areas are capturing a significant share of the region’s growth as households look beyond the peninsula and Mount Pleasant for less crowded and more affordable options.

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Key Takeaways

• Settlement trends continues to shift north toward Summerville/Goose Creek and North Charleston, driven by lower rents compared to the downtown core and the appeal of master‑planned communities such as the Nexton community.
• The Summerville/Goose Creek submarket remains a construction hotspot, with 1,023 units currently underway.
• Rent growth remains strong across the metro, with asking rents rising 2.35% quarter‑over‑quarter.

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