Aerial View of Charleston, South Carolina

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Average Rent

$1,808 average rent in Charleston, Q2 2026

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Occupancy Rate

93% occupancy rate Charleston, Q2 2026

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T4Q Net Absorption

3,933 T4Q net absorption in Charleston, Q2 2026

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Annual Rent Change

1% annual rent change in Charleston, Q2 2026

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BPS Annual Occupancy Change

0 BPS annual occupancy change in Charleston, Q2 2026

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T4Q Unit Completions

1,201 T4Q net absorption in Charleston, Q2 2026

Key Takeaways

  • Net absorption over the past four quarters has far outpaced the number of new completions during this period and demand has remained remarkably steady even amid broader economic uncertainty, a sign of durable, structurally supported renter demand across Charleston.
  • The pipeline is contracting sharply, with starts down nearly 50% from a year ago and the under construction total well below its late-2023 cycle peak, positioning the market for a materially lighter delivery load through 2027 and 2028.
  • Charleston’s rent growth and occupancy both rank among the strongest in the Southeast this quarter, a broadly healthy showing that reflects the rental market’s declining level of new competition and durable underlying demand.

Market Outlook

Charleston’s multifamily market has reached a favorable inflection point in its supply cycle. The delivery wave that peaked in the prior year has largely subsided…