Charlotte Q1 2025 Market Report

Charlotte, North Carolina Skyline

Research Multifamily Market Reports Charlotte Q1 2025 MARKET SNAPSHOT Charlotte q1 2025 DOWNLOAD THE FULL REPORT AVERAGE RENT $1,615 Q1 2025 OCCUPANCY RATE 91.8% Q1 2025 QUARTERLY NET ABSORPTION 3,976 Q1 2025 ANNUAL RENT CHANGE -0.2% Q1 2025 ANNUAL OCCUPANCY CHANGE -20 BPS Q1 2025 QUARTERLY COMPLETIONS 4,424 Q1 2025 KEY TAKEAWAYS Renter demand is […]

2025 Charlotte Forecast

Charlotte, North Carolina, USA

Research Multifamily Market Reports 2025 Charlotte Forecast MARKET SNAPSHOT 2025 Charlotte Forecast 2024 FORECASTED ANNUAL CHANGE 2025 $1,586 Q4 AVG. EFFECTIVE RENT 2.1% FORECASTED ANNUAL CHANGE $1,620 Q4 Avg. Effective Rent 91.6% Q4 AVG. OCCUPANCY 0 BPS FORECASTED ANNUAL CHANGE 91.3% Q4 Avg. Occupancy 16,759 2024 COMPLETIONS 9,666 10 Yr. Avg. Annual Completions 11,866 2025 […]

Charlotte 3Q 2024 Market Report

Charlotte, North Carolina, USA

Research Multifamily Market Reports Charlotte 3Q 2024 MARKET SNAPSHOT Charlotte 3Q 2024 AVERAGE RENT $1,592 3Q 2024 OCCUPANCY RATE 91.6% 3Q 2024 QUARTERLY NET DEMAND 3,883 [YTD: 9,456] YoY RENT CHANGE -1.5% 3Q 2024 YoY OCCUPANCY CHANGE -80 BASIS POINTS QUARTERLY COMPLETIONS 3,637 [YTD: 11,673] KEY TAKEAWAYS Charlotte’s average occupancy rate has contracted slightly due […]

Charlotte 3Q 2024

Charlotte, North Carolina

An interactive look into the Multifamily Construction Pipeline in Q3 for Charlotte, North Carolina

Charlotte 2Q 2024 Report

Charlotte, North Carolina

Charlotte 2Q 2024 Market Report MARKET SNAPSHOT AVERAGE RENT $1,581 2Q 2024 2Q 2024 RENT CHANGE -2.3% OCCUPANCY RATE 91.7% 2Q 2024 ANNUAL OCCUPANCY CHANGE -120 BASIS POINTS QUARTERLY DEMAND 3,078 [YTD: 5,530] QUARTERLY COMPLETIONS 4,086 [YTD: 8,085] KEY TAKEAWAYS Emerging strong from the typically slower winter leasing period, renters in Charlotte absorbed 3,078 units […]

Charlotte 2Q24

An interactive look into the Multifamily Construction Pipeline in Q2 for Charlotte, NC.

Charlotte Q1 2024 Report

Charlotte, North Carolina, USA

Charlotte 1Q 2024 Market Report MARKET SNAPSHOT AVERAGE RENT $1,541 1Q 2024 1Q 2024 RENT CHANGE -2.9% OCCUPANCY RATE 91.7% 1Q 2024 ANNUAL OCCUPANCY CHANGE -140 BASIS POINTS TOTAL OPERATING EXPENSE ANNUAL CHANGE 9.8% (FEB 2024) NET OPERATING INCOME ANNUAL CHANGE 3.7% (FEB 2024) * Please note that these employment figures have been adjusted for seasonal […]

Charlotte 2024 Forecast

Charlotte, North Carolina, USA

Charlotte 2024 Market Forecast MARKET SNAPSHOT AVERAGE RENT $1,533  4Q 2023 $1,564 4Q 2024 2024 RENT CHANGE 2.0% OCCUPANCY RATE 92.2% 4Q 2023 91.9% 4Q 2024 4Q 2024 OCCUPANCY CHANGE -30 points EMPLOYMENT* 1.35M 2023 1.37M 2024 UNEMPLOYMENT RATE** 3.2% 2023 3.7% 2024 * Please note that these employment figures have been adjusted for seasonal […]

Charlotte Q3 2023

Charlotte 2Q23 Multifamily Market Report $1,602 average rent 93.7% average occupancy rate $905.5M ytd sales volume -1.3% YoY rent change -1.2 POINTS yoy occupancy change 19 YTD individual transactions Supply & Demand 3Q23 3,429 Units QUARTERLY DEMAND YTD: 8,380 3,956 Units QUARTERLY COMPLETIONS YTD: 10,285 Annual Demand vs Completions 2018 7,951 8,005 2019 8,551 8,200 […]

Charlotte Q2 2023

Charlotte 2Q23Multifamily Market Report $1,600 average rent 93.8% average occupancy rate $499.3M ytd sales volume 2.9% YoY rent change -2.3 POINTS yoy occupancy change 11 YTD individual transactions Supply & Demand 2Q23 2,987 Units QUARTERLY DEMANDYTD: 5,444 3,637 Units QUARTERLY COMPLETIONSYTD: 6,854 Annual Demand vs Completions 2018 7,951 8,005 2019 8,551 8,200 2020 7,410 7,238 […]

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