It's a great time to be a multifamily landlord in Columbia, South Carolina. In a fourth-quarter report from Colliers, net absorption hit 511 units, up from the 295 recorded in the previous three months. That would put demand at a three-year high.
This is "due in large part to in-migration as a net 28 residents move into the metropolitan area each day," Colliers explained.
"Workforce housing continues to be the primary driver as the market absorbs residents priced out of Charleston, Charlotte and major metros. The region’s accelerating growth rate, roughly 30% faster than the U.S. average, is likely to support several new downtown planned upscale projects barring tariff-related impacts on construction pricing and overall economic uncertainty."
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