2025 Charlotte Forecast
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
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
An interactive look into the Multifamily Construction Pipeline in Q3 for Charlotte, North Carolina
Charlotte 2Q 2024 Report
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 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 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 […]
