Charlotte Multifamily Market Snapshot — Q1 2021

The Charlotte multifamily market has been one of the nation’s top performers over the last several years, and that trend continued as the market recovered from the COVID-19 pandemic and recession. Rent growth in Charlotte remained positive, recovering faster than the national average, and vacancy rates held steady. Sales volume in the market slowed in 2020, although high investor demand continued to tighten cap rates. Additionally, the job market recovery accelerated, driven by the strong financial services sector.
Here’s a quick look at the Q1 2021 Charlotte multifamily market finance and investment benchmarks for the start of 2021.
For more multifamily market insights, read our latest Small Multifamily Investment Report and check out our other multifamily research.