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2021 Q2 Charlotte Industrial Market Report

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Industrial Market Report Banner  July 20213x

Under construction square footage tripled from Q1 2021 to Q2 2021 to keep pace with the rising demand for warehouse space.

Key Takeaways

  • Under construction square footage tripled from Q1 2021 to Q2 2021 to keep pace with the rising demand for warehouse space.
  • Rates continue to climb as demand for industrial space has stayed well ahead of supply.
  • Smaller warehouse users are struggling to find space in this landlord friendly market.
  • Institutional investors continue to have appetite for new construction assets both occupied and vacant.

Charlotte Market Summary

Larger industrial leases continue to flood the market with FedEx leasing 641,000 SF at Metrolina Park in the North submarket. Amazon has not showed any signs of slowing down with the leasing of two last-mile, new delivery stations totaling just over 324,000 SF in the Airport/West and North submarkets. York County has also been a popular destination for large industrial tenants with Masonite and Rugs.com leasing out 370,000 SF and 275,000 SF respectively.


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2021 Q2 Charlotte Industrial Market Report

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Related Experts

Parker Levy

Broker

Charlotte

Prior to joining Colliers, Parker spent two and a half years with Costar as a Research Associate.  During his tenure he built relationships with commercial brokers across every asset type,  developed extensive experience in data collection, market report creation, management of client portfolios as well as trend analysis. Parker's role with Colliers | Charlotte is to assist with business development for the office tenant representation team. His persistant approach combined with his research background  give him a unique  competitive advantage when servicing his clients.

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