Charlotte Industrial Figures Q3 2026

Charlotte’s industrial market continued to stabilize during the quarter, with accelerated leasing velocity, softening vacancy, and moderate rent growth. Vacancy declined for the seventh consecutive quarter and was down 80 basis points (bps) year-over-year, indicating that space continues to be absorbed and is keeping pace with recent elevated construction levels.

Notable leasing activity included large, household-name logistics and distribution users that made geographically dispersed commitments across the market. Development remains a meaningful component of market activity, with delivered product increasing quarter-over-quarter and additional project starts in Q3. This combination of tenant activity and continued development suggests that Charlotte remains attractive for industrial expansion.

Asking rates increased 0.5% quarter-over-quarter, continuing its relatively stable trend. The wave of new construction continues to lift rents while the successful leasing of its availability subsequently offsets its impact due to weighted average calculations. Tenant demand is strongly focused on newly built space, allowing added inventory to be absorbed quickly.