Charlotte Q2 2019 Industrial Market Report

Charlotte’s industrial market showed strength in another quarter. According to CoStar, year over year, average market rents have risen 6.7% from $5.64 in Q2 2018 to $6.02 in Q2 2019. Vacancy has continued to hold steady over the past year at around 6.9%, well below the 10-year average of 9.7%. The pace of development rolls on with nearly 750,000 square feet of new construction delivered in Q2 and another +/- 1,000,000 square feet scheduled to break ground.