Mar
26

Charleston Apartment Growth Strongest in Nation

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The sounds of hammers and power saws are expected be more intense at apartment sites in the Charleston region than in any other corner of the nation.

A new report by multifamily website ApartmentGuide.com projects that the area will see an 8 percent growth in new rental construction this year from 2013. That’s stronger than any other part of the nation, including Boston and Birmingham, Ala., which are expected to see 5 percent growth each, according to the website’s data.

Catherine Hontz, senior market sales manager for ApartmentGuide.com, said the Charleston region’s growth is tied in part to the expanding job market with prominent names like Boeing Co. The aerospace giant employs about 7,000 workers at its North Charleston plant and committed last year to hire 2,000 by 2020.

Other large employers include Benefitfocus, a Daniel Island-based software firm that announced last year plans to add 1,200 technology jobs to the region.

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