Columbia Multifamily Market Report
By CREhunt Research · Data through Q4 2024 · Aggregated from Colliers
Quarterly multifamily market indicators for Columbia, aggregated by CREhunt from Colliers. As of Q4 2024, average asking rent was $1,205.11/unit/mo, per Colliers.
Projected current multifamily pricing — Columbia
Modeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for Columbia 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 Q4 2024 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 |
|---|---|---|---|---|---|
| Q4 2024 Colliers | $1,205.11/unit/mo | — | 513 SF | — | Colliers |
| Q3 2017 Colliers | $1,205.00/unit/mo | — | 91 SF | — | Colliers |
Frequently asked questions
- What is the average asking rent for multifamily space in Columbia?
- As of Q4 2024, the average asking rent for multifamily space in Columbia was $1,205.11/unit/mo, per Colliers.
- What is the multifamily vacancy rate in Columbia?
- Vacancy data for Columbia multifamily is aggregated from brokerage reports; refer to the quarterly table for available quarters.
- Where does CREhunt's Columbia market data come from?
- This report aggregates quarterly multifamily market data for Columbia from Colliers.