Marcus & Millichap: Charleston fares well in statewide apartment report

The Post & Courier
Jim Parker
July 8, 2017

A “diverse and growing economy” that includes new and expanding manufacturers and an active port lifts interest and rents in the Lowcountry’s multifamily market, notes a national consultant in its recent report on South Carolina cities.

The steady pace of job growth benefits apartment demand, according to Marcus & Millichap, a California-based company involved in commercial real estate, investment brokerage, research and advisory services in the U.S. and Canada. The venture offered a bullish assessment of the state as a whole, also citing strengths in the Columbia and Greenville markets.

“South Carolina apartment markets are flourishing as employment opportunities and relocations to the Sunbelt provide a growing supply of renters,” the firm says.

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