Q2 2026 Multi-Family Market Report
Charleston’s multifamily market is moving through a period of recalibration as elevated financing costs, moderating sales prices, and rising cap rates reshape investment activity. At the same time, the region’s long-term fundamentals remain strong, supported by continued population growth, a diversified employment base, and ongoing infrastructure investment. As the market absorbs the recent wave of new supply, vacancy is beginning to trend downward while new construction remains limited—creating a changing landscape for multifamily owners, investors, and developers. Our Q2 2026 Charleston Multifamily Report examines rental rates, cap rates, sales pricing, vacancy trends, key submarkets, and how Charleston compares with other major South Carolina markets.