Charleston Construction Pipeline 3Q23

MARKET SNAPSHOT

0

Existing Units

0 %

share of existing inventory uc

0

total units under construction

# 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

Pre-Planned

8,441 Units

Planned

1,316 Units

Under Construction

6,583 Units

Lease-Up

1,418 Units

Building Style

6,773

Garden-style
Units Under Construction

983

Mid-rise / Hi-rise
Units Under Construction

245

Single-Family
Units Under Construction

Demand v Completion

Submarket Breakdown

2,487 Units Under Construction

Demand Forecast
[Next 4 Quarters]		Supply Forecast
[Next 4 Quarters]		Historical Delivery
[10-Yr Average]
1,2441,4751,151

1,806 Units Under Construction

Demand Forecast
[Next 4 Quarters]		Supply Forecast
[Next 4 Quarters]		Historical Delivery
[10-Yr Average]
1,0521,073373

2,148 Units Under Construction

Demand Forecast
[Next 4 Quarters]		Supply Forecast
[Next 4 Quarters]		Historical Delivery
[10-Yr Average]
1,2401,127886

890 Units Under Construction

Demand Forecast
[Next 4 Quarters]		Supply Forecast
[Next 4 Quarters]		Historical Delivery
[10-Yr Average]
514484335

Charleston Construction Pipeline

The information provided in this construction pipeline map is obtained from RealPage. 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

Property NameSubmarketAddressCityStateZIP CodeProperty StatusConstruction Start Date (in quarters)Construction Finish Date (in quarters)Total UnitsProperty Structure
106 Coming StreetDowntown/Mount Pleasant/Islands106 Coming StCharlestonSC29403Pre-Planned24Garden
1142 Morrison DriveDowntown/Mount Pleasant/Islands1142 Morrison DrCharlestonSC29403Pre-Planned424Wrap
1300 Rutledge AvenueDowntown/Mount Pleasant/Islands1300 Rutledge AveCharlestonSC29403Pre-Planned150Garden
2815 Clements Ferry RoadDowntown/Mount Pleasant/Islands2815 Clements Ferry RdCharlestonSC29492Pre-Planned250Wrap
295 Calhoun StreetDowntown/Mount Pleasant/Islands295 Calhoun StCharlestonSC29403Pre-Planned325Podium
3030 Maybank HighwayDowntown/Mount Pleasant/Islands3030 Maybank HwyJohns IslandSC29455Pre-Planned72Townhome/Row Home
320 East Bay StreetDowntown/Mount Pleasant/Islands320 E Bay StCharlestonSC29401Pre-Planned50Garden
445 Meeting StreetDowntown/Mount Pleasant/Islands445 Meeting StCharlestonSC29403Pre-PlannedPodium
518 East Bay StreetDowntown/Mount Pleasant/Islands518 E Bay StCharlestonSC29403Pre-Planned119Podium
52 Line StreetDowntown/Mount Pleasant/Islands52 Line StCharlestonSC29403Pre-Planned100Podium
578 Meeting StreetDowntown/Mount Pleasant/Islands578 Meeting StCharlestonSC29403Pre-Planned200Wrap
860 Morrison DriveDowntown/Mount Pleasant/Islands860 Morrison DrCharlestonSC29403Pre-Planned165Podium
Adams Property Group DevelopmentDowntown/Mount Pleasant/IslandsMain Rd & Bees Ferry RdJohns IslandSC29455Pre-Planned600Garden
Alice SmallsDowntown/Mount Pleasant/Islands1120 Alice Smalls RdMt PleasantSC29466Under Construction/Lease-Up04/01/202110/01/202319Single Family
Alliance Future PhasesDowntown/Mount Pleasant/Islands1730 Clements Ferry RdCharlestonSC29492Pre-PlannedGarden
Alliance IDowntown/Mount Pleasant/Islands1730 Clements Ferry RdCharlestonSC29492Pre-Planned336Garden
Atlantic Daniel IslandDowntown/Mount Pleasant/IslandsDaniel Island Dr & Fairchild StCharlestonSC29492Under Construction03/01/202305/01/2025320Garden
Atlantic on RomneyDowntown/Mount Pleasant/Islands55 Romney StCharlestonSC29403Under Construction/Lease-Up04/01/202111/01/2023304Wrap
Aventon MikasaDowntown/Mount Pleasant/Islands2150 Clements Ferry RdCharlestonSC29492Under Construction04/01/202311/01/2024336Garden
Aventon PearlDowntown/Mount Pleasant/IslandsBees Ferry Rd & Hwy 17CharlestonSC29455Under Construction01/01/202304/01/2025394Garden
BoulevardDowntown/Mount Pleasant/Islands584 Meeting StCharlestonSC29403Pre-Planned250Podium
Courier SquareDowntown/Mount Pleasant/Islands635 King StCharlestonSC29403Planned02/01/202404/01/2026300Podium
Davis Daniel IslandDowntown/Mount Pleasant/IslandsParkline Ave & Seven Farms DrCharlestonSC29492Pre-Planned242Wrap
Forest at Fenwick IIDowntown/Mount Pleasant/Islands15 Stardust WayJohns IslandSC29455Pre-Planned156Garden
Former Courtyards ApartmentsDowntown/Mount Pleasant/Islands411 Meeting StCharlestonSC29403Pre-Planned73Podium
Hamlet Maybank IDowntown/Mount Pleasant/Islands2029 Harlow WayJohns IslandSC29455Planned11/01/202305/01/2025211Duplex/Triplex/Quadplex,Townhome/Row Home,Horizontal Apartment
Hamlet Maybank IIDowntown/Mount Pleasant/IslandsSouthwick Dr & Maybank HwyJohns IslandSC29455Pre-Planned160Townhome/Row Home
Hawthorne at Clements FerryDowntown/Mount Pleasant/Islands2800 Clements Ferry RdCharlestonSC29492Under Construction06/01/202209/01/2024210Podium
LC Charleston at LineDowntown/Mount Pleasant/Islands40 Line StCharlestonSC29403Under Construction12/01/202006/01/2024293Wrap
Legacy Patriots PointDowntown/Mount Pleasant/Islands180 Patriots Point RdMount PleasantSC29464Under Construction03/01/202101/01/2024176Wrap
River LandingDowntown/Mount Pleasant/Islands210 River Landing DrCharlestonSC29492Pre-Planned56Podium
Satori West AshleyDowntown/Mount Pleasant/Islands211 Satori WayJohns IslandSC29455Under Construction/Lease-Up11/01/202109/01/2023297Garden
Skatell IslandDowntown/Mount Pleasant/IslandsClements Ferry Rd & Forrest DrCharlestonSC29492Pre-Planned324Podium
Stono OaksDowntown/Mount Pleasant/IslandsMaybank Hwy & Fenwick Hall AlleeJohns IslandSC29455Under Construction10/01/202108/01/2024240Garden
The Society at LaurensDowntown/Mount Pleasant/Islands18 Society StCharlestonSC29401Under Construction01/01/202003/01/2024148Garden
Villas at the CreekDowntown/Mount Pleasant/Islands3894 Savannah HwyJohns IslandSC29455Under Construction10/01/202210/01/202471Townhome/Row Home
Wando VillageDowntown/Mount Pleasant/Islands546 Riverbend TrlCharlestonSC29492Pre-Planned264Garden
Woodfield Daniel Island IIIDowntown/Mount Pleasant/Islands2058 Benefitfocus WayCharlestonSC29492Pre-Planned163Podium
Woodfield II at Point HopeDowntown/Mount Pleasant/IslandsPoint Hope Pkwy & Clements Ferry RdCharlestonSC29492Under Construction07/01/202212/01/2024223Garden
Woodfield Point Hope IIIDowntown/Mount Pleasant/Islands1260 Clements Ferry RdCharlestonSC29492Pre-Planned288Garden
124 Pine Shadow DriveNorth Charleston/Goose Creek124 Pine Shadow DrGoose CreekSC29445Pre-Planned36Garden
Crescent PointeNorth Charleston/Goose Creek4650 Crescent Pointe DrNorth CharlestonSC29418Under Construction/Lease-Up07/01/201912/01/2023480Garden
Former Anchor CenterNorth Charleston/Goose Creek2260 Noisette BlvdNorth CharlestonSC29405Pre-Planned413Tower
Henry BrownNorth Charleston/Goose CreekHenry E Brown Jr Blvd & Brick ParkGoose CreekSC29445Pre-Planned300Garden
Meeting Street @ Cherry HillNorth Charleston/Goose CreekMeeting St & Cherry Hill LnNorth CharlestonSC29405Pre-Planned193Garden
Montague CornersNorth Charleston/Goose CreekDorchester Rd & W Montague AveNorth CharlestonSC29418Under Construction01/01/202310/01/2024336Garden
Navy YardNorth Charleston/Goose Creek3600 Rivers AveNorth CharlestonSC29405Pre-Planned292Tower
Storehouse RowNorth Charleston/Goose CreekNoisette Blvd & Truxtun AveNorth CharlestonSC29405Under Construction01/01/202307/01/202486Garden
The AssemblyNorth Charleston/Goose CreekChateau Ave & Garco StNorth CharlestonSC29405Under Construction11/01/202212/01/2024211Garden
The Cottages at InglesideNorth Charleston/Goose CreekIngleside Blvd & Cypress Lake RdNorth CharlestonSC29420Under Construction03/01/202312/01/2024260Townhome/Row Home,Horizontal Apartment
The DarbyNorth Charleston/Goose Creek1590 Meeting StCharlestonSC29405Planned12/01/202312/01/2025331Wrap
The Emmett on MontagueNorth Charleston/Goose Creek3229 W Montague AveNorth CharlestonSC29418Under Construction06/01/202206/01/2024297Garden
The WillowNorth Charleston/Goose Creek7562 Plantation RdNorth CharlestonSC29418Under Construction12/01/202209/01/2024338Garden
Waterleaf at FoxbankNorth Charleston/Goose Creek100 Southern Vine StMoncks CornerSC29461Under Construction/Lease-Up12/01/202102/01/2024318Garden
Windsor Mill VillageNorth Charleston/Goose CreekWindsor Mill Rd & N Goose Creek BlvdGoose CreekSC29445Pre-Planned300Garden
Downtown Nexton IISummerville/Northwest CharlestonBrighton Park Blvd & Edge StSummervilleSC29483Under Construction10/01/202210/01/2024324Garden
Emblem Cane Bay North ISummerville/Northwest Charleston44000 Owl Wood LnSummervilleSC29486Under Construction07/01/202211/01/2024312Garden
Emblem Cane Bay North IISummerville/Northwest Charleston44000 Owl Wood LnSummervilleSC29486Pre-PlannedGarden
Evado at Nexton ParkwaySummerville/Northwest CharlestonNexton Pkwy & State RdSummervilleSC29486Under Construction01/01/202310/01/2024309Garden
Garden ParkSummerville/Northwest CharlestonCollege Park Rd & Gailmoor DrLadsonSC29456Pre-Planned286Garden
Lofts Downtown Nexton Future PhasesSummerville/Northwest CharlestonSigma Dr & Cherry StSummervilleSC29483Pre-PlannedGarden
Lofts Downtown Nexton ISummerville/Northwest CharlestonSigma Dr & Metropolitan AveSummervilleSC29483Under Construction06/01/202205/01/202464Garden
SawmillSummerville/Northwest CharlestonUS-78 & Berlin G Myers PkwySummervilleSC29483Planned10/01/202303/01/2026474Garden
Sea Mist At Cane BaySummerville/Northwest CharlestonUS-176 & Tricias Misty LnSummervilleSC29486Pre-Planned156Garden
Solay Carnes CrossroadsSummerville/Northwest Charleston201 Callen BlvdGoose CreekSC29486Under Construction07/01/202206/01/2024300Garden
Summerville CommonsSummerville/Northwest CharlestonBerlin G Myers Pkwy & Marymeade DrSummervilleSC29483Pre-Planned270Garden
The AmesSummerville/Northwest CharlestonBrighton Park Blvd & Edge StSummervilleSC29483Under Construction03/01/202209/01/2024305Garden
The EastwoodSummerville/Northwest CharlestonAugusta Dr & Giddings WayLadsonSC29456Under Construction02/01/202310/01/2024244Garden
Vantage at SummervilleSummerville/Northwest CharlestonOrangeburg Rd & Tupperway DrSummervilleSC29483Pre-Planned288Garden
Woodfield DevelopmentSummerville/Northwest CharlestonN Main St & State RdSummervilleSC29486Under Construction01/01/202312/01/2024290Garden
Bellerose at Bees FerryWest AshleyBees Ferry Rd & Bluewater WayCharlestonSC29414Under Construction08/01/202209/01/2024155Townhome/Row Home
Exchange at West Ashley CircleWest AshleyW Ashley Cir & Bees Ferry RdCharlestonSC29414Pre-Planned296Garden
Founders YardWest Ashley3915 William E Murray BlvdCharlestonSC29414Under Construction02/01/202208/01/2024341Garden
Rhodes CrossingWest AshleyBees Ferry Rd & Sanders RdWest AshleySC29414Pre-Planned358Garden
St. AndrewsWest Ashley829 Saint Andrews BlvdCharlestonSC29407Pre-Planned234Wrap
ZDC DevelopmentWest AshleyGlenn McConnell Pkwy & W Wildcat BlvdCharlestonSC29414Pre-Planned228Garden

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NATIONAL MAP

METHODOLOGY

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Alex Blagojevich

Executive Managing Director & Founding Partner

alex.blagojevich@mmgrea.com

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Michael Sullivan

Executive Managing Director & Founding Partner

michael.sullivan@mmgrea.com

We're proud to advise our clients about more than just their assets. Gain comprehensive insight into the multifamily industry with our exclusive, on demand access to actionable market intelligence.

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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.

MMG Real Estate Advisors
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