Market Trends
- Medical equipment company Eli Lilly & Co. plans to invest $1 billion in the Charlotte suburb of Concord and Cabarrus County including building an 800,000 SF manufacturing plant, which will bring 600 jobs to the area.
- Construction activity in Charlotte continues to trend upward concurrent with comparable markets across the southeast.
- Industrial vacancy declined from last year as new tenants enter the market and existing occupiers continue to expand and this trend is expected to continue in 2022.