$0
Average Rent
$1,805 average rent in Charleston, Q3 2026
0%
Occupancy Rate
93% occupancy rate Charleston, Q3 2026
0
T4Q Net Absorption
3,449 T4Q net absorption in Charleston, Q3 2026
0%
Annual Rent Change
3% annual rent change in Charleston, Q3 2026
0
BPS Annual Occupancy Change
60 BPS annual occupancy change in Charleston, Q3 2026
0
T4Q Unit Completions
1,757 T4Q net absorption in Charleston, Q3 2026
KEY TAKEAWAYS
- Charleston’s demand engine stayed firmly in gear this quarter, cooling only from an unusually strong spring while absorption kept running well ahead of pre-pandemic levels, with every one of the market’s eight of nine submarkets posting positive demand in Q3.
- Developers are testing the water again in Charleston after pulling back sharply, starts picked up from a year ago even as the active pipeline sits 68% below its 2023 high, a far cry from the oversupply risk of the 2022-2024 wave.
- Few Southeast coastal markets can match Charleston’s current combination, second-best rent growth and the top occupancy rate among regional peer markets, even as both metrics cooled slightly from an especially hot second quarter.
MARKET OUTLOOK
Charleston should see continued improvement over the next several quarters, though a round of fourth-quarter deliveries will test that momentum before conditions fully settle…
Charleston Advisors
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Region
Northeast / Mid-Atlantic & Northeast
Office Location
Massachusetts
License Number
471.021452
Phone
Email
Region
Midwest / Heartland
Office Location
Missouri
License Number
2013036603
Phone
Email
Region
Midwest / Heartland
Office Location
Missouri
License Number
00225447 (KS) & 2006007641 (MO)
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