$0
Average Rent
$1,542 average rent in Wilmington, NC, Q3 2026
0%
Occupancy Rate
92% occupancy rate Wilmington, NC, Q3 2026
0
T4Q Net Absorption
2,793 T4Q net absorption in Wilmington, NC, Q3 2026
0%
Annual Rent Change
3% annual rent change in Wilmington, NC, Q3 2026
0
BPS Annual Occupancy Change
10 BPS annual occupancy change in Wilmington, NC, Q3 2026
0
T4Q Unit Completions
1,537 T4Q net absorption in Wilmington, NC, Q3 2026
KEY TAKEAWAYS
- Annual absorption of 2,793 units has run nearly twice the pace of the 1,537 units delivered over the past year, keeping demand firmly ahead of new supply.
- Effective rents rose 3.4% year over year to $1,542, the strongest annual gain since 2022, with five of six submarkets posting increases.
- Occupancy climbed 70 basis points in the third quarter to 92.4%, its highest level since 2023, as the pipeline sits 77% below its late-2023 peak.
MARKET OUTLOOK
Rent growth has become Wilmington’s standout story. Effective rents have climbed 3.4% over the past year, the strongest pace since 2022 and the fastest among its Carolinas peers…
Wilmington, NC Advisors
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