Charleston, SC Multifamily Market Report | MMG Real Estate Advisors | Q1 2026

Market Overview
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Charleston's multifamily market found firmer footing in Q1 2026, with trailing 12-month absorption of 4,075 units outpacing the 2,775 units delivered, signaling the market has absorbed its recent delivery wave. Average effective rents reached $1,798 per unit, up 0.4% year-over-year with a 2.1% sequential rebound, while occupancy stabilized at 91.7% despite a 70 basis point annual decline, supported by the absorption-to-delivery surplus. The supply cycle is moderating, with the under-construction pipeline contracting to 2,565 units (3.4% of inventory) and trailing 12-month starts of 1,501 units pointing to manageable forward deliveries through 2027. NOTE: The full report requires submitting contact information through a download form; the description above reflects publicly visible market snapshot data only.

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About MMG Real Estate Advisors

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MMG Real Estate Advisors is a multifamily investment sales and research firm tracking apartment market fundamentals across the Southeast, Midwest, and beyond. Their Q1 2026 Charleston multifamily market snapshot tracks rent, occupancy, absorption, and supply trends to help owners and investors assess market timing. To read the full report, click here.