Q3 2025 Multi-Family Market Report

The Charleston multifamily market remains fundamentally stable, with signs of normalization following several years of accelerated growth and volatility. Across asset classes, the market has maintained healthy fundamentals, supported by continued in-migration, steady employment, and a diversified local economy. Vacancy rates have stabilized in the 9%–11% range overall and rent growth has softened in the upper-tier segments, with Class A and B both declining slightly, while Class C units saw a modest increase. This reflecting renter price sensitivity and stronger demand for more affordable housing options. Absorption remains positive, roughly in line with new deliveries, and long-term demographic trends continue to support housing demand, with population growth nearing 10% over the past five years. Overall, Charleston’s multifamily sector is entering a more balanced phase characterized by solid occupancy, moderate rent performance, and sustained investor interest, particularly in stabilized Class B and C properties offering durable income returns. Click here to access the full Q3 2025 Multi-Family Market Report and dive into the data shaping tomorrow’s opportunities.