MARKET SNAPSHOT

Charlotte q1 2026

DOWNLOAD THE FULL REPORT

AVERAGE RENT

$1,573 Q1 2026

OCCUPANCY RATE

91.3% Q1 2026

NET ABSORPTION

12,872 T4Q

ANNUAL RENT CHANGE

-2.4% Q1 2026

ANNUAL OCCUPANCY CHANGE

-90 BPS

UNIT COMPLETIONS

14,284 T4Q

KEY TAKEAWAYS

Trailing four-quarter absorption fell modestly short of annual deliveries, a gap that narrowed meaningfully from the prior-year period when demand trailed supply by approximately 3,700 units, reflecting a market that is progressively closing the supply-demand imbalance.

Click Here

The active pipeline of 17,170 units has contracted nearly 50% from its 2023 peak while annual construction starts are down 27% from a year ago, signaling a materially thinner delivery environment by 2027.

Click Here

Average rents remained down on an annual basis, but the 0.1% quarterly gain in Q1 marks the first sequential increase after two consecutive quarters of decline. Occupancy levels have been declining since mid-2025 but are expected to stabilize starting in Q2 as the gap between demand and supply shrinks further.

Click Here

READ THE FULL REPORT

MARKET OUTLOOK

Charlotte is navigating the final stages of one of its most active supply cycles. Trailing completions are running 18% below their prior-year pace, the active pipeline is contracting from its peak, and starts have...