MARKET SNAPSHOT

Charleston q1 2025

AVERAGE RENT

$1,782 Q1 2025

OCCUPANCY RATE

92.2% Q1 2025

QUARTERLY NET ABSORPTION

935 Q1 2025

ANNUAL RENT CHANGE

0.4% Q1 2025

ANNUAL OCCUPANCY CHANGE

-90 BPS Q1 2025

QUARTERLY COMPLETIONS

913 Q1 2025

KEY TAKEAWAYS
Apartment net absorption reached 935 units in Q1 2025, slightly outpacing the 913 units delivered during the same period—a favorable sign heading into the peak spring and summer leasing seasons.
Click Here
Despite rent growth remaining below 1% annually, Charleston continues to post positive gains—an encouraging trend given the market has expanded its inventory by 30% over the past three years, while many peer markets with similar supply growth have experienced annual rent declines.
Click Here
As of late March 2025, roughly 2,000 units were under construction across the market, representing a 2.7% expansion—closely aligned with the national average.
Click Here
Alex Blagojevich

Alex Blagojevich

Executive Managing Director / Co-Founder
Michael-Sullivan

Michael Sullivan

Executive Managing Director / Co-Founder
Brett

Brett Meinzer

Managing Director
Kyle Shoemaker

Kyle Shoemaker

Managing Director
Simon Turner

Simon Turner

Senior Director
Bill Brading

Bill Brading

Senior Director
Thomas-Skevington-web

Thomas Skevington

Senior Advisor
Jake Sullivan_2023

Jake Sullivan

Senior Advisor
Tyler Kishimoto

Tyler Kishimoto

Associate Advisor
Brady Robinson

Brady Robinson

Associate

To gain further insights into the Charleston Market, contact our team:

Please complete the form to gain access to the Charleston Quarterly Report

Have a question?
Send us a message!

Have a question?
Send us a message!

MMG Real Estate Advisors
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.