Charlotte Industrial Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from CBRE, Cushman & Wakefield, JLL, Colliers
Quarterly industrial market indicators for Charlotte, aggregated by CREhunt from CBRE, Cushman & Wakefield, JLL, Colliers. As of Q2 2026, average asking rent was $9.13/SF/yr and vacancy was 7.1%, per CBRE.
Projected current industrial pricing — Charlotte
Modeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for Charlotte industrial yet, so this applies the typical cap rate across comparable industrial markets — treat it as a rough, indicative range that sharpens as sourced cap rates arrive. Projected asking rent × occupancy × net-operating-income margin band ÷ a benchmark cap rate, from Q2 2026 multiple brokerages asking-rent data (benchmark cap rate 5.5%–7.5%, asking rent held flat). Assumes ~93% occupancy and a 72–88% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 CBRE | $9.13/SF/yr | 7.1% | — | — | CBRE |
| Q2 2026 Cushman & Wakefield | $8.67/SF/yr | 7.4% | — | 2 SF | Cushman & Wakefield |
| Q1 2026 JLL | $8.30/SF/yr | 7.7% | 224K SF | — | JLL |
| Q1 2026 Cushman & Wakefield | $8.65/SF/yr | 7.7% | 2.7M SF | — | Cushman & Wakefield |
| Q1 2026 CBRE | — | 7.3% | — | — | CBRE |
| Q1 2026 Colliers | — | — | 540K SF | — | Colliers |
| Q4 2025 Cushman & Wakefield | $8.65/SF/yr | 8.1% | — | 4 SF | Cushman & Wakefield |
| Q4 2025 CBRE | $10.05/SF/yr | 7.5% | — | — | CBRE |
| Q3 2025 Cushman & Wakefield | $8.43/SF/yr | 8.2% | — | 3 SF | Cushman & Wakefield |
| Q2 2025 Cushman & Wakefield | $8.39/SF/yr | 8.4% | — | 2 SF | Cushman & Wakefield |
| Q1 2025 Cushman & Wakefield | $8.35/SF/yr | 8.5% | 835K SF | 2 SF | Cushman & Wakefield |
| Q4 2024 Colliers | $8.65/SF/yr | 4.9% | 1.3M SF | — | Colliers |
| Q1 2024 Colliers | $7.95/SF/yr | 3.9% | 2.3M SF | — | Colliers |
| Q3 2023 Cushman & Wakefield | — | 5.4% | 892K SF | — | Cushman & Wakefield |
| Q3 2023 Colliers | — | 7.4% | 4 SF | — | Colliers |
| Q2 2023 Colliers | $7.50/SF/yr | 4.1% | 4.3M SF | — | Colliers |
| Q4 2020 Cushman & Wakefield | $5.21/SF/yr | 8.0% | 3.4M SF | — | Cushman & Wakefield |
| Q3 2020 Colliers | — | 5.6% | 3.3M SF | — | Colliers |
| Q3 2020 Cushman & Wakefield | $5.30/SF/yr | 7.6% | 2.4M SF | — | Cushman & Wakefield |
| Q2 2020 Cushman & Wakefield | $4.93/SF/yr | 10.8% | — | — | Cushman & Wakefield |
| Q1 2020 Cushman & Wakefield | $4.87/SF/yr | 5.5% | 1.4M SF | — | Cushman & Wakefield |
| Q3 2019 Cushman & Wakefield | — | 5.1% | 1.8M SF | — | Cushman & Wakefield |
| Q2 2019 Cushman & Wakefield | $5.09/SF/yr | 5.9% | — | — | Cushman & Wakefield |
| Q2 2017 Colliers | — | 3.9% | 2.3M SF | — | Colliers |
Industrial asking rents by submarket
The newest asking rent a named brokerage's report published for each Charlotte industrial submarket, with its publisher and quarter. Submarkets whose newest figure cannot be attributed, or falls outside a plausible range, are left out.
| Submarket | Asking rent | Source |
|---|---|---|
| Airport | $12.18/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Central | $11.02/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| East | $12.00/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Gaston County | $7.37/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Iredell County | $9.00/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Lancaster County | $16.01/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Lincoln County | $7.02/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| North | $12.82/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Northeast | $13.51/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Northwest | $10.58/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Rowan County | $7.61/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Southeast | $8.53/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Southwest | $9.86/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Union County | $8.67/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| West | $9.54/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| York County | $8.06/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
How the brokerage sources compare
For Q2 2026, the brokerages CREhunt aggregates for Charlotte industrial did not fully agree. On vacancy, the sources span 0.3 points — from 7.1% (CBRE) to 7.4% (Cushman & Wakefield). Asking-rent estimates differ by $0.46/SF/yr — from $8.67/SF/yr to $9.13/SF/yr. CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.
| Source | Vacancy | Asking rent | Cap rate |
|---|---|---|---|
| CBRE | 7.1% | $9.13/SF/yr | — |
| Cushman & Wakefield | 7.4% | $8.67/SF/yr | — |
Per-brokerage figures for Q2 2026, aggregated from published brokerage market reports.
Frequently asked questions
- What is the average asking rent for industrial space in Charlotte?
- As of Q2 2026, the average asking rent for industrial space in Charlotte was $9.13/SF/yr, per CBRE.
- What is the industrial vacancy rate in Charlotte?
- The industrial vacancy rate in Charlotte was 7.1% as of Q2 2026 (CBRE).
- Where does CREhunt's Charlotte market data come from?
- This report aggregates quarterly industrial market data for Charlotte from CBRE, Cushman & Wakefield, JLL, Colliers.
- How much do brokerage estimates differ for industrial space in Charlotte?
- For Q2 2026, the brokerage sources CREhunt aggregates for Charlotte did not fully agree. On vacancy, the sources span 0.3 points — from 7.1% (CBRE) to 7.4% (Cushman & Wakefield). Asking-rent estimates differ by $0.46/SF/yr — from $8.67/SF/yr to $9.13/SF/yr. CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.