Industrial Submarket Reports

Q1 2022

OVERVIEW

Amidst Charlotte Metro’s expansion and national trends impacting the overall growth of Industrial Real Estate markets, Gaston County has somewhat quietly become an in-demand and emerging powerhouse amongst Charlotte’s industrial submarkets. The submarket enjoys a favorable proximity to Charlotte Douglass Airport, and immediate access to I-85 when compared to its contemporaries of submarkets bordering Mecklenburg county. A high-level labor analysis would also quickly unveil a deep and well aligned workforce for the many manufacturing users who’ve made Gaston County their home.

DATA, TRENDS AND CONSIDERATIONS

The favorable market fundamentals and trends consistent throughout Charlotte’s industrial real estate market, are in overdrive here in Gaston County, making it the fastest growing submarket in the region. Available land tracts have spurred significant spec development projects in Kings Mountain, Belmont and throughout the submarket, scheduled to deliver millions of additional SF and inventory. While investor activity is currently modest in relation to market growth, this could soon evolve as assets stabilize and attract a broader pool of investors when compared to the historically value-add plays made in Gaston County.