Multifamily sector continues to lead Charleston's investment activity - United States
Multifamily sector continues to lead Charleston’s investment activity
Charleston’s 2023 sales volume year-to-date is $419.4 million or 15% of 2022’s total. Overall investment sales have been trending downward since 2021. Commercial investment activity may continue to decrease as interest rates rise to their highest level in 22 years.
The multifamily sector continues to lead investment activity in the Charleston market, with the highest yearly sales volume of any property type each year since 2014. Multifamily properties are attractive investments due to the potential appreciation, continual demand and rising rental prices.