Charlotte Retail Market Report
By CREhunt Research · Data through Q2 2025 · Aggregated from JLL, Colliers
Quarterly retail market indicators for Charlotte, aggregated by CREhunt from JLL, Colliers. As of Q2 2025, average asking rent was $25.37/SF/yr and vacancy was 3.2%, per JLL.
Projected current retail pricing — Charlotte
Modeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for Charlotte retail yet, so this applies the typical cap rate across comparable retail 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 2025 JLL asking-rent data (benchmark cap rate 6.1%–7.2%, asking rent held flat). Assumes ~97% occupancy and a 65–82% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2025 JLL | $25.37/SF/yr | 3.2% | 226K SF | — | JLL |
| Q1 2025 Colliers | $22.31/SF/yr | 2.8% | 221K SF | — | Colliers |
| Q3 2020 Colliers | $22.31/SF/yr | 2.5% | 221K SF | — | Colliers |
Frequently asked questions
- What is the average asking rent for retail space in Charlotte?
- As of Q2 2025, the average asking rent for retail space in Charlotte was $25.37/SF/yr, per JLL.
- What is the retail vacancy rate in Charlotte?
- The retail vacancy rate in Charlotte was 3.2% as of Q2 2025 (JLL).
- Where does CREhunt's Charlotte market data come from?
- This report aggregates quarterly retail market data for Charlotte from JLL, Colliers.