Charlotte Q4 019 Industrial Market Report

Yet again, Charlotte’s industrial market closed out 2019 with continued strength. According to CoStar, year over year, average market rents have risen 2% from $5.86 in Q4 2019 to $6.00 in Q4 2019. Industrial vacancy rates dipped a bit from Q3 to Q4 to 6.3%. Development continues with 2.5 million feet of construction starts in Q4, coupled with an expected +/- 4.5 million feet set to deliver in Q1 2020. It will be interesting to see the resulting effect on rental rates and vacancy in the first half of 2020.

Charlotte Q4 2019 Industrial Graphic

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