Colliers Report: Columbia Multifamily Market Q4 2025
March 20, 2026
Colliers | South Carolina Market Report
Fundamentals remain stable as deliveries focus on growth areas
Market Highlights
Despite a 20-year construction peak, the Columbia multifamily market’s fundamentals remain steady, maintaining relative stability in both rents and occupancy. New deliveries continue to progress through lease-up at a healthy clip as Class A occupancy exceeds historical averages at 92.3%, while new workforce units have kept rent growth below the market’s robust household income growth. Supported by local elected officials’ continued focus on increasing housing supply in a period of strong workforce growth at 3.43%, downtown starts remain the market’s construction focal point.
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Key Takeaways
- Consistent supply growth is stabilizing rents and maintaining affordability
- Downtown is the construction epicenter as renters seek lifestyle amenities with nearly 1,200 units active or imminent
- New construction and demand remaining balanced with stability expected to continue through 2026
About Colliers
Colliers | South Carolina is the largest full-service commercial real estate firm in South Carolina with 225 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 31 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 $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.
