Colliers Report: Charleston Multifamily Market Q2 2025

Colliers | South Carolina Market Report

Out-of-market demand generates strongest first half since 2021

Market Highlights

Rapid growth across the Charleston market showed no signs of slowing in Q2 as job growth was among the nation’s strongest at 2.9% through June. That momentum manifested in the highest first-half demand level since 2021 with 2,768 units absorbed, highlighting the market’s strong fundamentals. Quarterly absorption surpassed deliveries for the first time since 2022 as a shrinking pipeline may be challenged to meet long-term demand without sharp rent increases.

Continue reading the full report.

Key Takeaways

• Absorption outpaced new deliveries for the first time since Q2 2022, highlighting a shrinking construction pipeline
• Regional job growth continues to attract migrants from outside the market, bolstering multifamily demand
• Tight cap rate spreads and unstable regional occupancy moderating sales volume.

About Colliers

Colliers | South Carolina is the largest full-service commercial real estate firm in South Carolina with 66 licensed real estate professionals covering the state with locations in Charleston, Columbia, Greenville and Spartanburg. Colliers is an Accredited Management Organization (AMO) through the Institute of Real Estate Management (IREM) and is the largest manager of commercial real estate properties in South Carolina with a portfolio of over 26 million square feet of office, industrial, retail and healthcare properties. Colliers’ staff hold the most professional designations of any firm in South Carolina. Colliers | South Carolina’s partner, LCK, provides project management services for new facilities and renovations across 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 annual revenues exceeding $4.8 billion, a team of 23,000 professionals and $99 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.