{"id":9287,"date":"2025-06-09T05:42:00","date_gmt":"2025-06-09T05:42:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=9287"},"modified":"2025-09-09T06:19:46","modified_gmt":"2025-09-09T06:19:46","slug":"charlotte-multifamily-market-report-may-2025","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/charlotte-multifamily-market-report-may-2025\/","title":{"rendered":"Charlotte Multifamily Market Report \u2013 May 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>First-Quarter Rents Improve<\/h2>\n<p>Charlotte\u2019s multifamily market remained generally strong in the first three months of the year, despite some softening fundamentals. Average advertised asking rents were up 0.3%, on a trailing three-month basis, to $1,600, outperforming the nation by 20 basis points, as reported in the <a href=\"\/blog\/national-multifamily-market-report\/\" rel=\"\"><strong>U.S. multifamily market outlook<\/strong><\/a>. The metro\u2019s average overall occupancy rate in stabilized properties remained unchanged year-over-year, at 93.6% as of March, which signaled healthy demand following the 2024 supply surge.<\/p>\n<p><iframe id=\"datawrapper-chart-HzERo\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Charlotte vs. National Rent Growth \" src=\"https:\/\/datawrapper.dwcdn.net\/HzERo\/1\/\" height=\"329\" 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,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}}))}();<br \/>\n<\/script><\/p>\n<p>Employment growth in Charlotte stood at 1.2% year-over-year through January, 20 basis points ahead of the U.S. figure. The jobless rate stood at 3.9% as of January, 10 basis points below the U.S. figure, according to preliminary data from the Bureau of Labor Statistics. Over the 12-month period ending in January, Charlotte added 23,000 net jobs, with education and health services leading growth (7,300 positions). The upcoming Novant Health Performance Center, a $150 million development, recently broke ground near Spectrum Center and is slated for delivery ahead of the 2026-2027 basketball season.<\/p>\n<p><iframe id=\"datawrapper-chart-kwwOP\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Charlotte Employment Share by Sector\" src=\"https:\/\/datawrapper.dwcdn.net\/kwwOP\/1\/\" height=\"417\" 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,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}}))}();<br \/>\n<\/script><\/p>\n<p>Deliveries in the first quarter totaled 2,469 units, accounting for 0.8% of existing stock and 30 basis points above the national figure. This was on the heels of 14,543 units completed in 2024, making it the best year for deliveries over the past eight years. Meanwhile, investment volume in the first quarter totaled $154 million<\/p>\n<p>Read the full Yardi Matrix Charlotte Multifamily Market Report: <a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/7363-MatrixMultifamilyCharlotteReport-May2025\"><strong>May 2025<\/strong><\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>First-Quarter Rents Improve Charlotte\u2019s multifamily market remained generally strong in the first three months of the year, despite some softening fundamentals. Average advertised asking rents were up 0.3%, on a trailing three-month basis, to $1,600, outperforming the nation by 20 basis points, as reported in the U.S. multifamily market outlook. The metro\u2019s average overall occupancy [&hellip;]<\/p>\n","protected":false},"author":436,"featured_media":8934,"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-9287","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 May 2025 - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Advertised asking rents in Charlotte were up 0.3 percent on a T3 basis through March, to $1,600, outperforming the national figure by 20 bps.\" \/>\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-may-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 May 2025\" \/>\n<meta property=\"og:description\" content=\"Advertised asking rents in Charlotte were up 0.3 percent on a T3 basis through March, to $1,600, outperforming the national figure by 20 bps.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/charlotte-multifamily-market-report-may-2025\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-09T05:42:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-09T06:19:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2025\/01\/Charlotte-iStock-2196973875-MHN.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 May 2025 - 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