Matrix Multifamily Charlotte Report-January 2022 January 26, 2022

Charlotte: Recovery in Full Swing

Rents averaged $1,464 in November, marking a 1.2% improvement on a trailing three-month basis. Transactions surpassed $3.2 billion, already outperforming 2019’s $3.1 billion cycle peak. More than 18,600 units were under construction, with 2022 total deliveries expected to hit a decade high.