Charleston Construction Pipeline 2Q24

MARKET SNAPSHOT

0

Existing Units

0 %

share of existing inventory uc

0

total units under construction or in lease-up

# 0

rank*

1 = Highest Share of Inventory UC

0

units delivering in next 4q

0

delivered in the last 4q

* Rank is based on the share of inventory (Units Under Construction/existing inventory) for the largest 150 Markets

Construction Pipeline

Prospective

15,130 Units

Planned

4,677 Units

Under Construction

3,922 Units

UC/Lease-Up

6,789 Units

Rental Category

Pre-lease Absorption Rate by Month

Multifamily Starts

Submarket Breakdown

Charleston Construction Pipeline

The information provided in this construction pipeline map is obtained from CoStar. While every effort has been made to ensure that the information contained in the map is as accurate as possible, MMG REA does not warrant, endorse, or guarantee the completeness, accuracy, or reliability of the information.
Users of the map should be aware that the data related to properties, including but not limited to locations, statuses, and details, may be subject to change without notice. MMG REA shall not be liable for any errors, omissions, or inaccuracies in the information or for any user’s reliance on the information. Users are encouraged to validate the information with other sources in the field to confirm any details or obtain further information.

Full Data Table

SubmarketProperty NameAddressCityStateZIPUnit CountProperty Status
5 - North CharlestonAssembly at Park Circle, The4939 O'Hear Avenue NorthNorth CharlestonSC29405211UC/Lease-Up
19 - Myrtle BeachEdison at Farrow Commons, The3383 Edison CircleMyrtle BeachSC29577198UC/Lease-Up
5 - North CharlestonStorehouse Nine2154 Noisette BlvdNorth CharlestonSC2940578UC/Lease-Up
22 - BrunswickCalabash Shores139 Marcella DriveCalabashNC28467158UC/Lease-Up
5 - North CharlestonCottages of Ingleside, The3000 Cypress Lake RoadNorth CharlestonSC29420292UC/Lease-Up
8 - Charleston - Daniel IslandGoddard Point Hope1000 Point Hope PkwyCharlestonSC29492227UC/Lease-Up
22 - BrunswickWestport Lofts1001 Broadbank DriveBelvilleNC28451291UC/Lease-Up
22 - BrunswickEvolve Waterford214 Kingsmeadow CircleBelvilleNC28451408UC/Lease-Up
4 - Charleston - West AshleyReve on the Creek4099 Silverside WayJohns IslandSC2945571UC/Lease-Up
12 - LadsonWillow, The7580 Plantation RoadNorth CharlestonSC29420338UC/Lease-Up
5 - North CharlestonAsher3812 West Montague AvenueNorth CharlestonSC29418336UC/Lease-Up
4 - Charleston - West AshleyBellerose at Bees Ferry1491 Bees Ferry RoadCharlestonSC29414155UC/Lease-Up
22 - BrunswickInspire Brunswick Forest Phase II6146 Liberty Hall DriveLelandNC2845150UC/Lease-Up
21 - HorryLeo, The147 Laurenco LoopMyrtle BeachSC29579185UC/Lease-Up
21 - HorryHawthorne at the Mill208 Windfall WayMyrtle BeachSC29579290UC/Lease-Up
5 - North CharlestonEmmett on Montague, The3229 West Montague AvenueNorth CharlestonSC29418297UC/Lease-Up
16 - BurgessAnchor Pointe210 Brunswick PlaceMyrtle BeachSC29588204UC/Lease-Up
10 - DorchesterBeacon at Ashley River Landing5034 Park Haven LaneSummervilleSC29485241UC/Lease-Up
4 - Charleston - West AshleyFounders Yard3915 William E. Murray BlvdCharlestonSC29414341UC/Lease-Up
11 - SummervilleAmes, The3800 Zephyr RoadSummervilleSC29486304UC/Lease-Up
17 - Red HillABODE at Carolina Forest626 Albermarle WayMyrtle BeachSC29579184UC/Lease-Up
5 - North CharlestonHighland Townhomes5682 Sablewood StreetNorth CharlestonSC29406220UC/Lease-Up
22 - BrunswickHawthorne Cottages at Leland8708 Red Leaf RunLelandNC28451160UC/Lease-Up
7 - Goose CreekPinewind at Liberty Hall100 Pinewind WayGoose CreekSC29445120UC/Lease-Up
9 - Mount PleasantLegacy Patriots Point180 Patriots Point RoadMount PleasantSC29464176UC/Lease-Up
16 - BurgessLively Murrells Inlet, The107 Gadwall WayMurrells InletSC29576307UC/Lease-Up
22 - BrunswickEncore at Westgate2626 Goose Island DriveLelandNC28451240UC/Lease-Up
22 - BrunswickBeckington6012 Beckington DriveLelandNC28451143UC/Lease-Up
22 - BrunswickCape Cottages2909 Shoals Point WayLelandNC28451315UC/Lease-Up
13 - BerkeleyPender Woods183 Lyra LaneSummervilleSC2948699UC/Lease-Up
17 - Red HillGrand at Carolina Forest, The300 Bellamy AvenueConwaySC29526150UC/Lease-Up
1 - Charleston - Downtown102 President Street102 President StreetCharlestonSC2940388Prospective
1 - Charleston - Downtown29 - 35 George29 George StreetCharlestonSC29401115Prospective
1 - Charleston - Downtown295 Calhoun295 Calhoun StreetCharlestonSC29425325Prospective
1 - Charleston - Downtown320 East Bay Street320 East Bay StreetCharlestonSC2940150Prospective
1 - Charleston - Downtown411 Meeting Street411 Meeting StreetCharlestonSC29403114Prospective
1 - Charleston - Downtown483 Meeting Street483 Meeting StreetCharlestonSC2940350Prospective
1 - Charleston - DowntownBoulevard584 Meeting StreetCharlestonSC29403250Planned
1 - Charleston - DowntownCharleston Union Pier32 Washington StreetCharlestonSC29401100Prospective
1 - Charleston - DowntownCourier SquareKing Street & Line StreetCharlestonSC29403200Prospective
1 - Charleston - DowntownDarby, The1590 Meeting StreetCharlestonSC29405331Prospective
1 - Charleston - DowntownKing Street Student Housing363 King StreetCharlestonSC2940352Prospective
1 - Charleston - DowntownLaurel IslandHuguenin Avenue & Romney StreetCharlestonSC29403100Prospective
1 - Charleston - DowntownLC Charleston at Line40 Line StreetCharlestonSC29403293Under Construction
1 - Charleston - DowntownMeeting Street578 Meeting StreetCharlestonSC29403203Planned
1 - Charleston - DowntownMeeting Street @ Cherry Hill2003 Cherry Hill LaneNorth CharlestonSC29405193Prospective
1 - Charleston - DowntownMorrison Yard Phase II838 Morrison DriveCharlestonSC29403175Prospective
1 - Charleston - DowntownSociety at Laurens18 Society StreetCharlestonSC29401148Under Construction
1 - Charleston - DowntownSpring Street214 Spring StreetCharlestonSC29403134Prospective
2 - Charleston - James IslandCross Creek Townhomes14 Crosscreek DriveCharlestonSC2941251Prospective
2 - Charleston - James IslandGrimball Folly Assemblage1588 Grimball Road ExtCharlestonSC2941268Prospective
3 - Charleston - SouthwestHamlet Maybank2029 Harlow WayCharlestonSC29455211Under Construction
3 - Charleston - SouthwestMaybank 3030 Townhomes3030 Maybank HwyJohns IslandSC2945572Prospective
3 - Charleston - SouthwestRhett's Cove Townhomes3328 Maybank HwyJohns IslandSC2945558Prospective
4 - Charleston - West Ashley1380 Bees Ferry Road1380 Bees Ferry RoadCharlestonSC29414346Prospective
4 - Charleston - West AshleyAventon Pearl1153 Bees Ferry RoadJohns IslandSC29455394Under Construction
4 - Charleston - West AshleyExchange at West Ashley CircleWest Ashley Circle & Bees Ferry RoadCharlestonSC29414296Prospective
4 - Charleston - West AshleyRhodes Crossing3197 Sanders RoadCharlestonSC29414337Prospective
4 - Charleston - West AshleySaint Andrews829 St. Andrews BlvdCharlestonSC29407234Prospective
4 - Charleston - West AshleyWest AshleyGlenn McConnell Pkwy & Goodwill WayCharlestonSC29414228Prospective
5 - North CharlestonAnchor Center Redevelopment2260 Noisette BlvdNorth CharlestonSC29405295Prospective
5 - North CharlestonCharleston Naval Hospital Redevelopment3600 Rivers AvenueNorth CharlestonSC29405292Prospective
5 - North CharlestonHayne Street2179 Hayne StreetCharlestonSC2940674Prospective
5 - North CharlestonMagnoliaBraswell Street & Interstate 26North CharlestonSC29405100Prospective
5 - North CharlestonRutledge Avenue & Mount PleasantRutledge Avenue & Mount Pleasant StreetCharlestonSC29403150Prospective
5 - North CharlestonTown Center9255 Blue House RoadLadsonSC29456100Prospective
5 - North CharlestonUptown at Centre PointCentre Pointe Drive & International BlvdNorth CharlestonSC29418300Planned
5 - North CharlestonWhitfieldDorchester Road & Franchise RoadNorth CharlestonSC29418264Prospective
7 - Goose CreekCypress GardensCypress Gardens Road & South Live Oak DriveMoncks CornerSC29461181Prospective
7 - Goose CreekHenry East Brown7701 Henry E Brown Jr BlvdGoose CreekSC29445300Planned
7 - Goose CreekHenry East Brown Phase II7701 Henry E Brown Jr BlvdGoose CreekSC2944596Prospective
8 - Charleston - Daniel Island2815 Clements Ferry Road2815 Clements Ferry RoadCharlestonSC29492250Prospective
8 - Charleston - Daniel IslandAlliance1730 Clements Ferry RoadCharlestonSC29492336Prospective
8 - Charleston - Daniel IslandAtlantic Daniel Island1990 Daniel Island DriveCharlestonSC29492320Under Construction
8 - Charleston - Daniel IslandAventon Noelle2150 Clements Ferry RoadCharlestonSC29492336Under Construction
8 - Charleston - Daniel IslandCooper River Farms Phase II650 Enterprise BlvdCharlestonSC2949271Prospective
8 - Charleston - Daniel IslandHarbour, The210 River Landing DriveDaniel IslandSC29492124Prospective
8 - Charleston - Daniel IslandHawthorne at Clements Ferry2800 Clements Ferry RoadCharlestonSC29492210Planned
8 - Charleston - Daniel IslandLC at Point Hope1260 Clements Ferry RoadCharlestonSC29492449Prospective
8 - Charleston - Daniel IslandParkline Avenue610 Parkline AvenueCharlestonSC29492242Prospective
8 - Charleston - Daniel IslandRestore at Point Hope1472 Clements Ferry RoadCharlestonSC29492854Prospective
8 - Charleston - Daniel IslandTravis LaneClements Ferry Road & Travis LaneCharlestonSC2949252Prospective
8 - Charleston - Daniel IslandWoodfield Daniel Island III2058 Daniel Island DriveCharlestonSC29492163Under Construction
9 - Mount PleasantPatriots Annex1 Patriots Point RoadMount PleasantSC29464130Planned
11 - Summerville402 West Smith Street402 West Smith StreetSummervilleSC2948560Prospective
11 - SummervilleAlta North Maple StreetNorth Maple Street & Shamrock DriveSummervilleSC29483347Prospective
11 - SummervilleBroadstone SummervilleNorth Maple Street & Shamrock DriveSummervilleSC29483348Prospective
11 - SummervilleDroze Road155 Droze RoadSummervilleSC2948370Prospective
11 - SummervilleEvado at Nexton ParkwayNexton Pkwy & Pine Hollow DriveSummervilleSC29486309Under Construction
11 - SummervilleLofts Downtown NextonMetropolitan Avenue & Sigma DriveSummervilleSC2948664Under Construction
11 - SummervilleOakbrook125 Crosscreek DriveSummervilleSC29485108Prospective
11 - SummervilleOne at Summerville, The105 Cherry PlaceSummervilleSC29483336Prospective
11 - SummervillePlanet Road TownhomesPlanet Road & St. James AvenueSummervilleSC29486286Planned
11 - SummervilleRangewater North Maple StreetBear Island Road & North Maple StreetSummervilleSC29483160Prospective
11 - SummervilleRetreat at Carlile Townes Phase II, The226 St. Catherines CourtSummervilleSC29483100Planned
11 - SummervilleSalisbury Townhomes1574 Old Dairy RoadSummervilleSC29483364Planned
11 - SummervilleSawmillBerlin Myers Pkwy & Highway 78SummervilleSC29483474Planned
11 - SummervilleSouth PointeSouth Pointe Blvd & US Route 78SummervilleSC29483228Prospective
11 - SummervilleSummerville CommonsEast 5th North Street & Berlin G Myers PkwySummervilleSC29483270Under Construction
11 - SummervilleVantage at SummervilleBoone Hill Road & Orangeburg RoadSummervilleSC29483288Prospective
11 - SummervilleVillage at Carnes Crossroads, The3rd Avenue & North Main StreetSummervilleSC29483306Planned
12 - LadsonMarlowe SummervilleCollege Park Road & North Hwy 17ASummervilleSC29486278Under Construction
13 - BerkeleyCarnes CrossroadsSouth Live Oak Drive & US Route 176SummervilleSC29486200Prospective
13 - BerkeleyEmblem Cane Bay North44000 Owl Wood LaneSummervilleSC29486312Under Construction
13 - BerkeleyEmblem Cane Bay North Phase II44000 Owl Wood LaneSummervilleSC29486300Prospective
13 - BerkeleyTuxbury Farm2686 State Highway 41CharlestonSC2949282Prospective
18 - ConwayBrownstone EstatesBoundary Street & Oak StreetConwaySC2952683Prospective
18 - ConwayMedlen ParkMedlen Pkwy & Oak Tree Farm LaneConwaySC29526102Prospective
19 - Myrtle BeachCottages at Cane PatchSWC 76th Avenue North & Highway 17Myrtle BeachSC29572305Prospective
19 - Myrtle BeachSeaside FarmsPine Island Road & Robert M Grissom PkwyMyrtle BeachSC29577400Planned
19 - Myrtle BeachSurfside Beach17th Avenue South & Pridgen RoadMyrtle BeachSC29577335Prospective
20 - North Myrtle BeachDuke at Myrtle BeachGusta Road & Highway 9 EastLittle RiverSC29566280Prospective
21 - HorryAbrazo at Grande Dunes8840 Henry RoadLongsSC29568292Under Construction
21 - HorryBuist Circle TownhomesBuist Circle & Coggin CourtMyrtle BeachSC29579111Prospective
21 - HorryParkway GroupState Highway 22 & State Highway 31LongsSC29568100Prospective
22 - BrunswickAngel TraceAngels Club Drive SW & Seaside Road SWSunset BeachNC28468192Prospective
22 - BrunswickAscend Brunswick Village3100 Ascend LoopLelandNC28451334Under Construction
22 - BrunswickBelmont at WestgateWest Gate Drive & Lucerna PlaceLelandNC28451366Planned
22 - BrunswickBrunswick PinesHale Swamp Road SW & Old Georgetown Road SWShallotteNC28470570Prospective
22 - BrunswickCalabash 23Bay Trail Drive & Persimmon Road SWCalabashNC28467136Prospective
22 - BrunswickCoastal Club of the Carolinas2419 Farmstead Blvd NWCalabashNC28467100Prospective
22 - BrunswickEdge at Brunswick Forest, TheBrunswick Village Blvd & Kay Todd Road SELelandNC28451300Prospective
22 - BrunswickGarnet Place3972 Garnet Place DriveShallotteNC2847072Planned
22 - BrunswickHawkeswater at the River TownhousesMorecamble Blvd & River Road SELelandNC2845178Prospective
22 - BrunswickHawthorne at Ocean Isle Beach801 Ocean Isle BeachOcean Isle BeachNC28469198Under Construction
22 - BrunswickHeadwaters Apartment Homes at Brunswick ForestBrunswick Forest Pkwy & Ocean Hwy EastLelandNC28451216Prospective
22 - BrunswickHeartsease at Ocean IsleChatham Drive NW & Seaside Road SWSunset BeachNC28468136Planned
22 - BrunswickMalmo TractAndrew Jackson Hwy & Malmo Loop Road NELelandNC28451100Prospective
22 - BrunswickOsprey IsleSEC Ocean Hwy West & Plantation Drive SWOcean Isle BeachNC28469264Planned
22 - BrunswickPelican PointeRabon Way SE & River Road SEWinnabowNC28479108Planned
22 - BrunswickRiver Road245 River Road SELelandNC28451160Planned
22 - BrunswickShallotte Riverfront Revitalization ProjectMain Street & Wall StreetShallotteNC28470129Prospective
22 - BrunswickSouthport MeadowsLong Beach Road SE & River Road SESouthportNC28461248Planned
22 - BrunswickSummerwood100 Seaside Road SWSunset BeachNC2846884Prospective
22 - BrunswickVillage at Compass PointeAndrew Jackson Hwy & Compass Pointe East Wynd NELelandNC28451268Prospective
23 - SouthportIndigo310 West 11th StreetSouthportNC28461770Prospective
1 - Charleston - Downtown518 East Bay Street518 East Bay StreetCharlestonSC29403117Prospective
4 - Charleston - West AshleyEpic Center2070 Sam Rittenberg BlvdCharlestonSC29407100Prospective
5 - North CharlestonRutledge Avenue1300 Rutledge AvenueCharlestonSC29403150Prospective
7 - Goose CreekLaurel BayNorth Goose Creek Blvd & Old Mt Holly RoadGoose CreekSC29445240Prospective
14 - GeorgetownPawleys Business Commons, ThePetigru Drive & Tiller DrivePawleys IslandSC2958590Prospective

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ALL REPORTS

METHODOLOGY

Alex Blagojevich

Alex Blagojevich

Executive Managing Director / Co-Founder

alex.blagojevich@mmgrea.com

Michael-Sullivan

Michael Sullivan

Executive Managing Director / Co-Founder

michael.sullivan@mmgrea.com

Nate-Ulepich

Nate Ulepich

Director of Revenue Operations and National Team Coordinator

nate.ulepich@mmgrea.com

Brett

Brett Meinzer

Managing Director

brett.meinzer@mmgrea.com

Thomas

Thomas Skevington

Senior Advisor

thomas.skevington@mmgrea.com

Kyle

Kyle Winston

Senior Advisor

kyle.winston@mmgrea.com

Chris Wilson_2023

Chris Wilson

Associate Advisor

chris.wilson@mmgrea.com

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AS FEATURED IN

Construction Pipeline Report Methodology

Market Snapshot

Existing Units:  An estimate of the number of units in properties with 50 or more units.

Total Units Under Construction Or In Lease Up: Units being built or pre-leased as of February 2024, for projects with 50+ units.

Units Delivering in Next 4Q: Units expected to complete by the end of Q1 2025.

Share Of Existing Inventory UC: Percentage of units under construction relative to existing stock.

Construction Pipeline Status

Prospective: Early-stage project concepts.

Planned: Projects with approved conceptual plans by planning/zoning authorities.

Under Construction: Actively developed properties.

UC/Lease-Up: Properties under development and pre-leasing.

Rental Category

Discretionary: Resort-quality properties targeting high-income renters or those choosing to rent over owning.

High Mid-Range: Appeals to dual-income households with incomes similar to those in the discretionary category.

Low Mid-Range: Targets working professionals in “gray collar” jobs (e.g., police, firefighters, teachers, technicians).

Workforce: Aimed at blue-collar workers with lower incomes.

Pipeline Map & Data Table

Data sourced from Yardi Matrix. While accuracy is prioritized, the exactness of data cannot be guaranteed.

Construction Pipeline Map

The information provided in this construction pipeline map is obtained from Yardi Matrix. While every effort has been made to ensure that the information contained in the map is as accurate as possible, MMG REA does not warrant, endorse, or guarantee the completeness, accuracy, or reliability of the information.

Users of the map should be aware that the data related to properties, including but not limited to locations, statuses, and details, may be subject to change without notice. MMG REA shall not be liable for any errors, omissions, or inaccuracies in the information or for any user’s reliance on the information. Users are encouraged to validate the information with other sources in the field to confirm any details or obtain further information.

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