Matrix Multifamily Charlotte Report-January 2024 January 29, 2024

Charlotte Fundamentals Stay Healthy

Rents in Charlotte contracted 0.6 percent on a T3 basis as of November 2023, to an average of $1,581, amid new-supply additions. However, demand stayed firm, with occupancy clocking in at 94.1 percent in October, down just 40 basis points in 12 months.