Colliers Report: Columbia Multifamily Market Q2 2025
September 25, 2025
Colliers | South Carolina Market Report
Multifamily construction grows behind residential demand
Market Highlights
Columbia’s multifamily market continues to perform at one of the Southeast’s highest levels. Not beset by overbuilding in recent years like many other markets, the construction pipeline has grown to its highest levels in over 30 years behind renewed regional momentum, driven by robust employment growth at 1.7% and rising in-migration. Developers are increasingly placing bets on the downtown submarket as strong demand for walkability contributes to a historically high 94.3% occupancy rate
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Key Takeaways
- Strong job growth is generating residential demand, producing a 30-year construction pipeline high
- Downtown Columbia is thriving with record occupancy as developers prepare for new groundbreakings
- Rent growth remains just ahead of CPI as the market has avoided oversupply, unlike other Sun Belt markets
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.
