$0
Average Rent
$1,490 average rent in Charlotte, Q3 2026
0%
Occupancy Rate
92% occupancy rate Charlotte, Q3 2026
0
T4Q Net Absorption
14,992 T4Q net absorption in Charlotte, Q3 2026
0%
Annual Rent Change
-4% annual rent change in Charlotte, Q3 2026
0
BPS Annual Occupancy Change
20 BPS annual occupancy change in Charlotte, Q3 2026
0
T4Q Unit Completions
13,302 T4Q net absorption in Charlotte, Q3 2026
KEY TAKEAWAYS
- Leasing activity in Charlotte held up well this quarter, with annual absorptions up 25% from a year ago and now running slightly ahead of new completions, a meaningful shift for a market still absorbing one of the region’s largest delivery waves.
- Developers have pulled back sharply from the 2023 highs, cutting the pipeline nearly in half, yet Charlotte still carries more construction relative to its size than all but one other Southeast market, Miami, leaving more supply to work through than most peers.
- Occupancy improved modestly to 92.2%, while rent growth trends, though still well in negative territory, are expected to recover meaningfully into 2027 as the market’s heavy pipeline continues to recede.
MARKET OUTLOOK
Despite the market’s much improved supply-demand balance, Charlotte will likely take longer to fully recover due to the sizable inventory still in the pipeline. The forecast shows occupancy continuing to ease slightly…
Charlotte Advisors
Contact Our Local Team
Region
Southeast / Southeast Atlantic
Office Location
North Carolina
License Number
283921
Phone
Email
Region
Northeast / Mid-Atlantic & Northeast
Office Location
Massachusetts
License Number
471.021452
Phone
Email
Region
Midwest / Heartland
Office Location
Missouri
License Number
00225447 (KS) & 2006007641 (MO)
Phone
Email
Recent Mid-Atlantic & Northeast Research
Other investors in your market are reading this.
The data that informs when to sell, when to hold, and when the window is closing.