Colliers Report: Columbia Multifamily Market Q1 2025
June 18, 2025
Colliers | South Carolina Market Report
Multifamily market performs as next wave begins
Market Highlights
Columbia’s multifamily market continues to accelerate alongside the region’s evolving growth patterns as housing demand continues to follow 1.29% year-over-year population growth. The North Richland County submarket, encompassing some of the state’s fastest-growing areas such as Blythewood and Elgin, is the epicenter of new construction with 1,208 units in progress.
Continue reading the full report.
Key Takeaways
- Construction is concentrated in the rapidly-growing North Richland County submarket including Blythewood and Elgin
- Upcoming major employers, such as Scout Motors, are contributing to rising momentum
- Multifamily’s share of regional housing units remaining steady as the construction pipeline reaches a 20-year high.
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.
