Industrial Submarket Reports

Q1 2022

OVERVIEW

Stateline is Charlotte’s largest, and distinguished itself among its most dynamic industrial submarkets with a diverse set of tenants including major corporations. Ideally situated in SW Charlotte, the market sits at the intersection of both I77 and 485, as well as North and South Carolina. As the E Commerce boom continues and supply chain considerations drive industrial markets nationally, the fervent demand for logistics and last mile distribution facilities continues to bolster the market, bringing vacancies down and rental rates up.

DATA, TRENDS AND CONSIDERATIONS

Ongoing speculative development presently forecasts the delivery of roughly 3 million SF of new inventory to the state line submarket in 2022, 2023 and 2024. While all indications points towards continued strong demand for this product, the delivery of this new inventory’s impact on key market indicators such as vacancy and rental rates, will determine ongoing growth in asset value and investor demand.