Mar
17

Real Data: Myrtle Beach Apartment Occupancy at 92.9%

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Strong demand and the lack of new supply helped push occupancy rates higher over the past year. Demand for apartments has recorded three straight years of rising absorption.

The occupancy rate for the metro area improved to 92.9%. The average current monthly rent rose to $785 over the past year.

The development pipeline has picked up with two communities expected to deliver units later this year. Both communities are in the Highway 501 corridor.

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    Categories : Myrtle Beach

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