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More Than 6,000 Apartment Units to Rise in City of Charleston

Charleston Apartment Developments

 

By the numbers

Area Total projects Total units
Peninsula  15 2,705
West Ashley  10  1,870
Daniel Island  4 751
Johns Island  2 335
James Island  2 326
Cainhoy  1 264

 

Nearly three-dozen apartment developments with 6,251 units are either planned or under construction in the city of Charleston. Their combined footprint is 261 acres: equal to three Citadel Malls or four Hampton Parks, a Post and Courier analysis has found.

More than half of those units are already being built, while others are grinding their way through the city’s approvals process. Some developers may abandon their projects before breaking ground, but in general, the apartment wave appears to be an all-time high for the city.

Charleston officials and developers said it’s positive growth for a city they contend is in dire need of more housing, particularly affordable housing. City planner Jacob Lindsey said the influx of so many apartments could be the needed supply that brings down rent prices across citywide.

“We are in a deficit for housing in our region, and we need to add more dwellings to meet demand,” he said. “With so many people moving to Charleston we need additional housing, or prices will inevitably increase.”

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