Statistics are calculated using direct and sublease information in the market. Data is subject to change due to changes in inventory and market disruption such as the economic impacts of COVID-19.

Industrial asset class displays the most resiliency and overall stability through economic impacts of COVID-19. The Charlotte area industrial market has been in a long stretch of growth, which has attracted regional distribution centers from tenants such as Amazon, Staples, and UPS in recent quarters. Much of this growth was a direct result of the metro’s improved logistics infrastructure and central location on the East Coast. Rental rate growth has remained positive for the 8th consecutive quarter and vacancy rates remain tight across all submarkets.

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