704.301.5488 | gmitchell@cbcatlantic.com | cbcatlantic.com
Coldwell Banker Commercial Atlantic
·
Ai Insurance

About

For over 30 years, Coldwell Banker Commercial Atlantic has been a trusted leader in the commercial real estate industry. Our team specializes in multifamily investment sales and insurance consulting across the Southeast and Nationwide.

Our Multifamily team has closed more than 1,500 units, totaling over $200 million in transactions, while our sister company, Ai Insurance, insures a multifamily portfolio valued over $300 million year over year.

This success is built on our deep local expertise, regional insight, access to a national network through CBC and other nationwide networking organizations, and long-standing relationships cultivated over decades in the Charleston market.

$1,818Market Rent / Door
7.60%Vacancy Rate
6.18%Market Cap Rate
6–7%Financing Range
$169KAvg Sale Price / Door
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Latest Intelligence

Q2 2026
Charleston Multifamily

This is not a weak market — it is a market re-pricing. Charleston is absorbing the supply wave delivered in the early 2020s, vacancy is trending down, and new construction remains limited. Sales prices are moderating and cap rates are rising, which is making trades pencil again for the first time in several quarters.

South Carolina

Statewide Market Comparison

MarketVacancy RateAsking Rent / UnitAnnual Rent GrowthSale Price / UnitCap Rate
Charleston7.60%$1,818+2.4%$204K6.18%
Hilton Head10.80%$1,874-2.2%$220K5.8%
Greenville9.00%$1,427+0.4%$171K6.2%
Myrtle Beach11.30%$1,593-0.9%$180K6.5%
Columbia9.90%$1,383+0.9%$132K6.2%
Company
Coldwell Banker Commercial Atlantic
About

Graham Mitchell

Graham Mitchell
Direct Contact
Graham Mitchell
Associate · CBC Atlantic
704.301.5488 gmitchell@cbcatlantic.com
Biography

Associate

I am an Associate with Coldwell Banker Commercial Atlantic, where I specialize in multi-family investment sales, as well as retail leasing and sales. I work with investors, owners, and developers to identify opportunities, execute strategic transactions, and maximize long-term value across their portfolios.

Originally from Charlotte, North Carolina, I bring a strong understanding of Southeastern markets and a relationship-driven approach to every deal. I earned my degree in Commercial Real Estate Finance from the College of Charleston, where I built a foundation in investment analysis, market research, and financial modeling.

My focus is on delivering clear, data-driven guidance while maintaining a high level of service and professionalism throughout each transaction. I take pride in helping clients navigate complex deals with confidence and achieving outcomes that align with their investment goals.

Office
843.744.9877
News & Insights

News & Updates

Latest

Market Commentary & Press Releases

Q2 2026 Market Report
July 2026 — Current
Q2 2026 Charleston Multifamily Market Report
Full market snapshot: $1,818 rent/door, 7.60% vacancy, 6.18% cap rate, and sale pricing down to $204K/unit. Cap rates by class, submarket rent and vacancy comparison, and SC statewide data.
Q1 2026 Market Report
April 2026
Q1 2026 Charleston Multifamily Market Report
Full market snapshot: $1,802 rent/door, 9.20% vacancy, 5.82% cap rate, and 4,005 units absorbed. Includes SC statewide comparison and cap rate analysis against interest rates.
Q4 2025 Market Report
January 2026
Q4 2025 Charleston Multifamily Market Report
Year-end snapshot: $1,772 rent/door, 8.85% vacancy, 5.74% cap rate, and 4,523 units absorbed. Supply & demand drivers with full demographic and employment data.
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Market Intelligence

Quarterly Market Reports

Archive

Charleston Multifamily

Q2 2026 — Current
Charleston Multifamily Market Report
Market re-pricing, rising cap rates, submarket rent and vacancy comparison, and SC statewide data.
Q1 2026
Charleston Multifamily Market Report
Full snapshot, rent analysis, cap rate comparison, and SC statewide market data.
Q4 2025
Charleston Multifamily Market Report
Year-end cap rate trends, supply & demand drivers, and submarket performance.
Q2 2026 — Featured Report

Market Overview

With financing hovering between 6% and 7% and the potential for additional rate pressure ahead, underwriting has changed materially. Higher debt costs paired with stagnant rent growth force buyers to recalibrate what they can pay — sales prices adjust downward, and cap rates move higher.

In most markets, rising cap rates and limited new construction would signal a recession. Charleston is not a typical market. The region is emerging from the hyper-supply period that followed the early-2020s construction wave, and population growth is now absorbing that supply. Vacancy is declining, new starts remain limited, and buying existing product still beats building new in most classes.

This is a market re-pricing, not a market breaking down. Charleston is adjusting to higher financing costs, slower rent growth, and elevated operating expenses — a healthier reset in pricing rather than a deterioration in long-term fundamentals.

Submarket Notes Q2 2026
  • Downtown vacancy sits well above the rest of the metro
  • The peninsula and Daniel Island are absorbing the largest share of recent deliveries
  • The demand pool for premium downtown rents is thinner than for mid-tier product
  • Johns/James Island and West Ashley offer more space at lower rents
$1,818Market Rent / Door
7.60%Vacancy Rate
6.18%Market Cap Rate
+2.4%Annual Rent Growth
Sales Price / Door
$268K
A Class
$181K
B Class
$136K
C Class
$92.5K
MHP
Current Cap Rates
5.3%
A Class
5.4%
B Class
6.6%
C Class
7.2%
MHP
South Carolina

Statewide Market Comparison

MarketVacancy RateAsking Rent / UnitAnnual Rent GrowthSale Price / UnitCap Rate
Charleston7.60%$1,818+2.4%$204K6.18%
Hilton Head10.80%$1,874-2.2%$220K5.8%
Greenville9.00%$1,427+0.4%$171K6.2%
Myrtle Beach11.30%$1,593-0.9%$180K6.5%
Columbia9.90%$1,383+0.9%$132K6.2%
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Data Source
Coldwell Banker Commercial Atlantic · Q1 2026
Free Assessment

Receive a Property Valuation

What You'll Receive

A Data-Driven Opinion of Value

Using current market data, comparable transactions, a deep knowledge of Charleston submarkets, and a customized underwriting model, Graham provides a comprehensive property valuation tailored to your specific asset — at no cost.

Knowing exactly where your asset stands allows for value maximization and is critical before going to market.

  • Comparable sales analysis by asset class
  • Cap rate benchmarking — A, B, C, MHP
  • Submarket rent and vacancy context
  • Disposition strategy recommendations
  • Market timing insights based on current data
  • Completely free — no obligation

Knowing exactly where your asset stands before going to market is critical, and understanding external variables allows you to maximize your property value.

Frequently Asked
How long does the valuation take?+
Graham typically delivers a valuation within 3–5 business days of receiving your property details.
Is there any cost or obligation?+
No — completely free with zero obligation to list, buy, or transact.
What information do I need to provide?+
At a minimum: address and unit count. More detail will provide a more precise valuation, including a current rent roll, recent upgrades, occupancy, and up-to-date cash flow.
Can you also provide an insurance quote?+
Yes — as an affiliate of Ai Insurance, Graham can coordinate a comprehensive insurance quote including builders risk coverage for ground-up developments alongside your valuation.
Free — No Obligation
Request a Valuation
Drop files here or click to browse
T12, rent roll, cash flow — PDF, XLS, XLSX, CSV accepted

Your information is never shared or sold. Response within 48 hours.

Prefer to Call?
Ai Insurance Affiliate

Insurance Quote

Coverage Solutions

Tailored Multifamily Protection

As an affiliate of Ai Insurance, Graham helps multifamily owners and developers secure comprehensive coverage across the Southeast — whether you own a single property, a regional portfolio, or are breaking ground on a new development.

Existing Portfolio Coverage
  • Property & casualty coverage
  • Loss of rents / business interruption
  • General & umbrella liability
  • Flood & wind coverage — critical in coastal SC
  • Portfolio-level policy structuring
  • Workers' compensation for property staff
  • Inland marine & equipment breakdown
Ground-Up Developments
Builders Risk Insurance

We also provide builders risk coverage for ground-up multifamily developments — protecting your project from the moment construction begins through stabilization and lease-up.

  • Coverage from groundbreaking through Certificate of Occupancy
  • Protects materials, equipment & labor in place
  • Soft cost & delay-in-completion coverage
  • Tailored for the Charleston coastal environment
Ai Insurance Affiliate
Request a Quote
Drop files here or click to browse
Policy docs, schedules, loss runs — PDF, JPG, PNG accepted

A licensed Ai Insurance consultant will follow up within one business day.

Questions about coverage?
Resources

Content

Coming Soon

Content Library

This section will feature curated content, resources, and materials for multifamily investors in the Charleston market. Check back soon or contact Graham directly for more information.

Submission Received

Thank You

Your request has been received. Graham will review your information and reach out to you within 48 hours.

In the meantime, feel free to explore current market reports or reach out directly.

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704.301.5488
Email Graham
gmitchell@cbcatlantic.com
Market Report
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