Mar
20

Real Data: Myrtle Beach Apartment Vacancy at 10.3%

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There was an increase in demand for multi-family units in the Myrtle Beach area over the past year. The occupancy rate improved during this time period to 89.7%.

Active construction over the past year occurred at three communities in the Highway 501 submarket.

The average current monthly rent rose to $768 over the past year. Communities in the Highway 501 submarket recorded the highest average monthly rent.

Occupancy and rental rates should experience modest improvements in 2013.

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    Categories : Myrtle Beach

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