Industrial Submarket Reports

Q1 2022

OVERVIEW

Charlotte Douglas International Airport and I-485 and I-85 catalyze the demand and growth of the Airport Submarket. As the Charlotte metro is beneficiary to ongoing demographic trends and population growth, infrastructure improvement and Airport expansion then bolsters recruitment and retention of industrial users in this continually expanding submarket. Charlotte as a whole, and the Airport submarket more directly serves as an increasingly vital conduit in the intermodal supply chain, and to nearby major Atlantic US ports.

DATA, TRENDS AND CONSIDERATIONS

Development and Investor activity continue at a fervent pace in the Airport Submarket. E-Commerce’s impact will continue these trends as user demand then triggers a positive correlation to core fundamentals. Low vacancy rates, and increased rental rates project to continue here, as they do throughout the market and national. Clearly institutional grade investor’s have taken notice given recent buy-In from several REIT’s, major funds and “blue blood” industrial developer ProLogis.