Matrix Multifamily Charlotte Report-August 2024 August 21, 2024

Charlotte Faces Robust Deliveries

Charlotte’s advertised asking rents were up 0.1 percent on a T3 basis through June, below the national average of 0.3 percent, as higher-than-average new deliveries and another 35,000 units underway put pressure on the market. However, the metro’s occupancy remained a respectable 93.6% as of May.