The multifamily market in South Carolina is experiencing steady growth and demand, particularly in urban and suburban areas such as Charleston, Columbia, and Greenville. The market is driven by a strong job market, population growth, and a desirable quality of life, which has resulted in low vacancy rates and increasing rental rates for multifamily properties. Additionally, the COVID-19 pandemic has accelerated a trend of remote work, resulting in an influx of out-of-state buyers seeking more space and a better quality of life in South Carolina.
Based on 92% of the capital invested in South Carolina multifamily assets originating from out of state and a 53% Avg $/Unit increase due to this extra activity, South Carolina is a good market to invest in. To get this information in a one-page summary, click here.
