MARKET SNAPSHOT

2026 Charleston Forecast

2025

FORECASTED ANNUAL CHANGE

2026

$1,780

Q4 AVG. EFFECTIVE RENT

1.5%

ANNUAL CHANGE

$1,807

Q4 Avg. Effective Rent

92.0%

Q4 AVG. OCCUPANCY

+10 BPS

ANNUAL CHANGE

92.1%

Q4 Avg. Occupancy

3,261

2025 COMPLETIONS

3,390

10 Yr. Avg. Annual Completions

1,625

2026 COMPLETIONS

4,618

2025 NET ABSORPTION

2,976

10 Yr. Avg. Annual Absorption

1,516

2026 NET ABSORPTION

Source: CoStar
Key Market Themes for 2026
  • Effective rent is projected to increase in 2026 by 1.5%. The shift reflects improving balance as supply pressure eases, which should allow operators to regain modest pricing power as the year progresses.

  • Deliveries are expected to fall by roughly 50% in 2026, which should ease lease-up competition and support improved stabilization across the broader market.

  • Occupancy is forecasted to edge higher again in 2026, signaling continued progress as the recent construction wave fades.

MARKET OUTLOOK

Charleston’s 2026 outlook is constructive and increasingly stable, driven by a clear tightening of the supply pipeline and improving operating leverage for landlords...

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