Intelligence

Regional Summaries

Select a state to view available market snapshots

Charlotte, NC

Apartment
Charlotte’s 112,425-unit apartment market saw a decrease in vacancy as 2015 ended. After finishing 2014 at 5.4%, the rate finished 2015 at 4.7%. The rate fell 10 basis points in January 2016. Reis reports average asking and effective rents of $970 and $883 per month, up 1.5% and 1.6% over the quarter and up 5.9% each over 12 months. Though down slightly from the third quarter, these are strong quarterly gains just the same. Over 12 months, these rates are up 5.6% and 5.7%, respectively. January data show 0.5% and 0.4% asking rent and effective rent gains. VIEW APARTMENT LISTINGS >
Industrial
With nearly 1.8 million square feet of new supply in 2015, the vacancy rate increased last year in Charlotte’s 106.4-million-square-foot warehouse/distribution market. The 11.2% fourth quarter vacancy rate was unchanged from the prior quarter, but up 50 basis points over the year. January data show a rate of 11.4%. Reis reports fourth quarter asking and effective rents of $4.18 psf and $3.72 psf. These rates are both up 0.5% over the quarter and up 1.5% and 1.6%, respectively, over 12 months. January data show 0.2% and 0.3% asking and effective rent increases. The Charlotte Flex/R&D market finished the fourth quarter of 2015 with a vacancy rate of 14.9%, down 20 basis points from the prior quarter and down 170 over 12 months. Asking and effective rents increased by 0.5% and 0.6% in the fourth quarter to $7.48 psf and $6.44 psf. These rates were up 1.4% and 1.7% over 12 months. VIEW INDUSTRIAL LISTINGS >
Office
The 44-million-square-foot Charlotte area general purpose, multi-tenant office market finished the fourth quarter of 2015 with a vacancy rate of 16.4%, down 30 basis points from the prior quarter and down 50 from one year earlier. January data from Reis show a decline of 10 basis points. Reis reports fourth quarter average asking and effective rents of $22.96 psf and $18.89 psf, up 1.0% and 1.1% for the quarter and up 3.1% and 3.2%, respectively, for the year. January data show 0.2% gains for both categories. VIEW OFFICE LISTINGS >
Retail
Charlotte’s 23-million-square-foot community-neighborhood shopping center market finished the fourth quarter of 2015 with a 9.8% vacancy rate, down 10 basis points from the prior quarter and down 30 basis points from 12 months earlier. January data show a 9.7% vacancy rate. For Charlotte’s community-neighborhood centers, Reis reports a fourth quarter 2015 average asking rent of $18.66 psf and an average effective rent of $16.34 psf, down 0.1% and unchanged for the quarter, but up 0.9% and 1.1% for the year. January data show a gain of 0.2% for asking and effective rents. VIEW RETAIL LISTINGS >

Source: Data provided by Reis, inc.

Commercial Real Estate Market Information

Coldwell Banker Commercial has commercial real estate market statistics to help you find out more about your local commercial real estate market. Whether you are looking for commercial real estate market trends or information on a commercial real estate markets size, we have the commercial real estate market reports you need. If you did not find the commercial real estate market information you were looking for contact us today!

White Papers

 

     

Additional Resources