{"id":8932,"date":"2025-01-31T06:34:00","date_gmt":"2025-01-31T06:34:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=8932"},"modified":"2025-06-24T06:47:14","modified_gmt":"2025-06-24T06:47:14","slug":"charlotte-multifamily-market-report-january-2025","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/charlotte-multifamily-market-report-january-2025\/","title":{"rendered":"Charlotte Multifamily Market Report \u2013 January 2025"},"content":{"rendered":"\n<p class=\"has-normal-font-size\">Read the latest Yardi Matrix <a href=\"\/blog\/charlotte-multifamily-market-report\/\"><strong>Charlotte Multifamily Market Report<\/strong><\/a>.<\/p>\n\n\n<hr \/>\n<h2>High Supply Pushes Asking Rents Down<\/h2>\n<p>Despite a wave of deliveries, the Charlotte multifamily market showed positive signs as the year ended. During the seasonal slowdown, average advertised asking rents were down 0.4% on a trailing three-month basis as of November, to $1,577. Still, rent movement was positive for five consecutive months last year, between April and August. And somewhat surprisingly, occupancy in stabilized assets inched up 10 basis points year-over-year, to 93.9%, as of November.<\/p>\n<p><iframe id=\"datawrapper-chart-JzMVz\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Charlotte vs. National Rent Growth\" src=\"https:\/\/datawrapper.dwcdn.net\/JzMVz\/1\/\" height=\"328\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Interactive line chart\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",(function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r=0;r<e.length;r++)if(e[r].contentWindow===a.source){var i=a.data[\"datawrapper-height\"][t]+\"px\";e[r].style.height=i}}}))}();\n<\/script><\/p>\n<p>Employment in Charlotte expanded 1.8% as of September, 40 basis points above the national average, as reported in the <a href=\"\/blog\/national-multifamily-market-report\/\" rel=\"\"><strong>national multifamily market outlook<\/strong><\/a>. Charlotte added 28,600 net jobs over 12 months, with the area\u2019s unemployment at a tight 3.4% as of October. That was 70 basis points below the U.S. figure, according to preliminary data from the Bureau of Labor Statistics. Education and health services, which led growth, could see an additional boost from the ongoing development of a 1.1 million-square-foot hospital. The $900 million project is slated for delivery in 2027.<\/p>\n<p><iframe id=\"datawrapper-chart-PRvuG\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Charlotte Employment Share by Sector \" src=\"https:\/\/datawrapper.dwcdn.net\/PRvuG\/1\/\" height=\"433\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Table\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",(function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r=0;r<e.length;r++)if(e[r].contentWindow===a.source){var i=a.data[\"datawrapper-height\"][t]+\"px\";e[r].style.height=i}}}))}();\n<\/script><\/p>\n<p>Charlotte deliveries totaled 12,048 units through November, nearly double the national figure. The figure marked a decade high and represented 5.3% of existing stock. However, construction starts dwindled last year through November, down some 50% compared to the same period in 2023. Meanwhile, investment slowed, with volume at about half of 2023\u2019s total.<\/p>\n<p>Read the full Yardi Matrix Charlotte Multifamily Market Report: <a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/6780-MatrixMultifamilyCharlotteReport-January2025\"><strong>January 2025<\/strong><\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>High Supply Pushes Asking Rents Down Despite a wave of deliveries, the Charlotte multifamily market showed positive signs as the year ended. During the seasonal slowdown, average advertised asking rents were down 0.4% on a trailing three-month basis as of November, to $1,577. Still, rent movement was positive for five consecutive months last year, between [&hellip;]<\/p>\n","protected":false},"author":436,"featured_media":8318,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[448,513],"class_list":["post-8932","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro-reports","category-multifamily-market","category-real-estate-trends","tag-charlotte","tag-multifamily-outlook-2025"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Charlotte Multifamily Market Report \u2013 January 2025 - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Average advertised asking rents in Charlotte were down 0.4 percent on a T3 basis, to $1,577, 20 bps below the national rate.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yardimatrix.com\/blog\/charlotte-multifamily-market-report-january-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Charlotte Multifamily Market Report \u2013 January 2025\" \/>\n<meta property=\"og:description\" content=\"Average advertised asking rents in Charlotte were down 0.4 percent on a T3 basis, to $1,577, 20 bps below the national rate.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/charlotte-multifamily-market-report-january-2025\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-31T06:34:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-06-24T06:47:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2024\/09\/Charlotte_iStock-2187040799-feature.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adina Rogoz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Madalina Pojoga\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Charlotte Multifamily Market Report \u2013 January 2025 - Yardi Matrix Blog","description":"Average advertised asking rents in Charlotte were down 0.4 percent on a T3 basis, to $1,577, 20 bps below the national rate.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.yardimatrix.com\/blog\/charlotte-multifamily-market-report-january-2025\/","og_locale":"en_US","og_type":"article","og_title":"Charlotte Multifamily Market Report \u2013 January 2025","og_description":"Average advertised asking rents in Charlotte were down 0.4 percent on a T3 basis, to $1,577, 20 bps below the national rate.","og_url":"https:\/\/www.yardimatrix.com\/blog\/charlotte-multifamily-market-report-january-2025\/","og_site_name":"Yardi Matrix Blog","article_published_time":"2025-01-31T06:34:00+00:00","article_modified_time":"2025-06-24T06:47:14+00:00","og_image":[{"width":1200,"height":900,"url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2024\/09\/Charlotte_iStock-2187040799-feature.jpg","type":"image\/jpeg"}],"author":"Adina Rogoz","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Madalina Pojoga","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.yardimatrix.com\/blog\/charlotte-multifamily-market-report-january-2025\/#article","isPartOf":{"@id":"https:\/\/www.yardimatrix.com\/blog\/charlotte-multifamily-market-report-january-2025\/"},"author":{"name":"Adina Rogoz","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/1e376ba4add70694b922380ddbe946d8"},"headline":"Charlotte Multifamily Market Report \u2013 January 2025","datePublished":"2025-01-31T06:34:00+00:00","dateModified":"2025-06-24T06:47:14+00:00","mainEntityOfPage":{"@id":"https:\/\/www.yardimatrix.com\/blog\/charlotte-multifamily-market-report-january-2025\/"},"wordCount":221,"commentCount":0,"publisher":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.yardimatrix.com\/blog\/charlotte-multifamily-market-report-january-2025\/#primaryimage"},"thumbnailUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2024\/09\/Charlotte_iStock-2187040799-feature.jpg","keywords":["Charlotte","Multifamily Outlook 2025"],"articleSection":["Metro Reports","Multifamily Market","Real Estate Trends"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.yardimatrix.com\/blog\/charlotte-multifamily-market-report-january-2025\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.yardimatrix.com\/blog\/charlotte-multifamily-market-report-january-2025\/","url":"https:\/\/www.yardimatrix.com\/blog\/charlotte-multifamily-market-report-january-2025\/","name":"Charlotte Multifamily Market Report \u2013 January 2025 - Yardi Matrix Blog","isPartOf":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.yardimatrix.com\/blog\/charlotte-multifamily-market-report-january-2025\/#primaryimage"},"image":{"@id":"https:\/\/www.yardimatrix.com\/blog\/charlotte-multifamily-market-report-january-2025\/#primaryimage"},"thumbnailUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2024\/09\/Charlotte_iStock-2187040799-feature.jpg","datePublished":"2025-01-31T06:34:00+00:00","dateModified":"2025-06-24T06:47:14+00:00","description":"Average advertised asking rents in Charlotte were down 0.4 percent on a T3 basis, to $1,577, 20 bps below the national rate.","breadcrumb":{"@id":"https:\/\/www.yardimatrix.com\/blog\/charlotte-multifamily-market-report-january-2025\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.yardimatrix.com\/blog\/charlotte-multifamily-market-report-january-2025\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.yardimatrix.com\/blog\/charlotte-multifamily-market-report-january-2025\/#primaryimage","url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2024\/09\/Charlotte_iStock-2187040799-feature.jpg","contentUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2024\/09\/Charlotte_iStock-2187040799-feature.jpg","width":1200,"height":900,"caption":"Photo by Jonathan Ardila\/iStockphoto.com"},{"@type":"BreadcrumbList","@id":"https:\/\/www.yardimatrix.com\/blog\/charlotte-multifamily-market-report-january-2025\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.yardimatrix.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Charlotte Multifamily Market Report \u2013 January 2025"}]},{"@type":"WebSite","@id":"https:\/\/www.yardimatrix.com\/blog\/#website","url":"https:\/\/www.yardimatrix.com\/blog\/","name":"Yardi Matrix Blog","description":"Stay current with the latest commercial real estate market trends and forecasts","publisher":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.yardimatrix.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.yardimatrix.com\/blog\/#organization","name":"Yardi Matrix","url":"https:\/\/www.yardimatrix.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2020\/11\/Inline_Matrix_Color_es-1.jpg","contentUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2020\/11\/Inline_Matrix_Color_es-1.jpg","width":200,"height":39,"caption":"Yardi Matrix"},"image":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.linkedin.com\/company\/yardi-matrix\/","https:\/\/www.youtube.com\/channel\/UCRHgAZL4YoyeNEdiRN5uj0g"]},{"@type":"Person","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/1e376ba4add70694b922380ddbe946d8","name":"Adina Rogoz","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7708bca9e09cc5676d0f96a14b833143f233709c6888184035d1e1f75c05fabb?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7708bca9e09cc5676d0f96a14b833143f233709c6888184035d1e1f75c05fabb?s=96&d=mm&r=g","caption":"Adina Rogoz"},"description":"Adina Rogoz is a Senior Associate Editor with Commercial Property Executive and Multi-Housing News. She joined the CPE-MHN team in 2016 and is writing real estate related news, blog articles, reports and Q&amp;As. \ud83d\udce7 You can reach out to her at adina.rogoz@cpe-mhn.com","url":""}]}},"jetpack_featured_media_url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2024\/09\/Charlotte_iStock-2187040799-feature.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts\/8932","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/users\/436"}],"replies":[{"embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/comments?post=8932"}],"version-history":[{"count":1,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts\/8932\/revisions"}],"predecessor-version":[{"id":8936,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts\/8932\/revisions\/8936"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/media\/8318"}],"wp:attachment":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/media?parent=8932"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/categories?post=8932"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/tags?post=8932"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}