Sep
29

Charleston Area Apartment Vacancy Rate Falls to 9.8%

By
– scbiznews.com

Apartment vacancy in the Charleston area has fallen below 10% for the first time in more than two years, according to a new market report by Charlotte-based Real Data.

The area’s vacancy rate was 9.8%, based on August data.

Also in August, rental rates at existing apartments increased 3.1%, the first gain in 18 months, according to the report.

Real Data publishes a report on apartment market conditions in the Charleston area twice a year, based on data from February and August.

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