The Stateline and Airport submarkets see the largest increase in industrial growth across the Charlotte MSA over five years
- Charlotte’s Airport and Stateline submarkets have delivered 15.2 msf of new industrial inventory over five years, producing more than half of Charlotte’s deliveries since 2018, and accounting for 20% of all new product in North Carolina. Combined, the Airport and Stateline submarkets exceed the total new production in Raleigh/Durham and Greensboro, respectively.
- Airport/Stateline deliveries completed within the last five years are 93.2% leased, while remaining availabilities are among properties delivered within the last 6-months.
- With 5.5 msf set to deliver by year end 2024, planned deliveries should result in temporary easing of vacancy rates, however, rent rates will likely continue a steady trend upward as the Charlotte MSA records it’s 13th consecutive year of positive net absorption.
October 5, 2023
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