Market Snapshot Charleston Q1 2025

Market Overview

Charleston’s multifamily sector showed balance in Q1 2025, with net absorption (935 units) narrowly surpassing new deliveries (913 units). This equilibrium, combined with a historically high inventory growth of 30% over the past three years, suggests resilient demand even as rent growth slowed to 0.4% year-over-year. Occupancy stood at 92.2%, with submarkets like Mount Pleasant and Downtown Charleston outperforming others in both occupancy and rent performance. As construction continues—about 2,000 units remain in the pipeline—steady absorption and stable pricing position Charleston for sustained health in upcoming quarters.

About MMG

MMG’s quarterly market snapshots are designed for action—not fluff. Focused on high-growth Sun Belt and Southeast metros, MMG offers detailed, hyperlocal analysis that connects macro trends to property-level implications. In Charleston, their reports break down absorption, construction, and rent data by submarket, giving multifamily professionals the clarity needed to time acquisitions, navigate new lease-ups, and monitor cap rate trends in a competitive landscape.

‍