SCREnews.com -- There was an increase in demand for multi-family units in the Myrtle Beach area over the past year. The occupancy rate improved during this time period to 89.7%. Active construction over the past year occurred at three communities in the Highway 501 submarket. The average current monthly rent rose to $768 over the past year. Communities in the Highway 501 submarket recorded the highest average monthly rent. Occupancy and rental rates should experience modest improvements in 2013.
Tuesday
Apartment Vacancy at 10.3% in Myrtle Beach
SCREnews.com -- There was an increase in demand for multi-family units in the Myrtle Beach area over the past year. The occupancy rate improved during this time period to 89.7%. Active construction over the past year occurred at three communities in the Highway 501 submarket. The average current monthly rent rose to $768 over the past year. Communities in the Highway 501 submarket recorded the highest average monthly rent. Occupancy and rental rates should experience modest improvements in 2013.
