Beach Company Bets on Ultra-Luxury Rental Market
The Charleston-based developer's newest project tests whether demand exists for $23,000-a-month rentals in a city where median rent hovers around $1,800.
4 articles tagged with "real estate"
The Charleston-based developer's newest project tests whether demand exists for $23,000-a-month rentals in a city where median rent hovers around $1,800.
The market that once saw bidding wars and waived inspections has cooled decisively, with prices up only 1% and active listings at their highest point since pre-pandemic.
National forecasters predict the Lowcountry will remain a magnet for relocating buyers despite inventory and affordability challenges.
Active listings have tripled since 2022 as homes sit longer and price cuts become the norm in a market that has decisively turned.