Charleston Multifamily Market Report
By CREhunt Research · Data through Q1 2025 · Aggregated from Colliers
Quarterly multifamily market indicators for Charleston, aggregated by CREhunt from Colliers. As of Q1 2025, average asking rent was $1,822.00/unit/mo, per Colliers.
Projected current multifamily pricing — Charleston
Modeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for Charleston multifamily yet, so this applies the typical cap rate across comparable multifamily markets — treat it as a rough, indicative range that sharpens as sourced cap rates arrive. Projected asking rent × occupancy × net-operating-income margin band ÷ a benchmark cap rate, from Q1 2025 Colliers asking-rent data (benchmark cap rate 5.1%–6.0%, asking rent held flat). Assumes ~92% occupancy (vacancy not reported) and a 52–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2025 Colliers | $1,822.00/unit/mo | — | 685 SF | — | Colliers |
| Q4 2019 Colliers | $1,804.00/unit/mo | — | 86 SF | — | Colliers |
Frequently asked questions
- What is the average asking rent for multifamily space in Charleston?
- As of Q1 2025, the average asking rent for multifamily space in Charleston was $1,822.00/unit/mo, per Colliers.
- What is the multifamily vacancy rate in Charleston?
- Vacancy data for Charleston multifamily is aggregated from brokerage reports; refer to the quarterly table for available quarters.
- Where does CREhunt's Charleston market data come from?
- This report aggregates quarterly multifamily market data for Charleston from Colliers.