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2021 Q1 Charlotte Industrial Market Report

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Industrial Market Report Banner July 2021
By Haleigh Mundell-Moore

Although very little new supply delivered in Q1 2021, over one million square feet is expected to deliver in Q2 2021, and a third of this product has been pre-leased.

Key Takeaways

  • Some new ground breakings have slowed due to higher construction costs.
  • Investment sales continues to increase as out of market capital seek stabilized assets within our region.
  • As vacancy tightens, asking rates are projected to stay on pace and steadily rise.
  • With developers seeking more economically priced land, the surrounding counties are seeing an increase in acquisitions with the promise of big box development.

 

Charlotte Market Summary

The industrial sector became the darling of commercial real estate throughout 2020 and this trend has continued through Q1 2021. Companies such as Amazon, Arrival, and Scentsy leased over 2.9 million square feet within the Charlotte market. However, the effects of the COVID-19 pandemic continue to create challenges, even as restrictions in Charlotte continue to ease. The shortage of construction materials combined with an increase in demand for industrial product, have caused developers to look for land outside of the traditional Charlotte submarkets as the price per acre is more cost effective. As vacancy continues to tighten in the Charlotte metro, new projects in surrounding counties will keep breaking ground.
Q1 2021 Search Result Image Industrial

2021 Q1 Charlotte Industrial Market Report

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Haleigh Mundell-Moore | Colliers | Charlotte

Haleigh Mundell-Moore

Marketing Manager

Charlotte

+1 704 409 2378
Email

Haleigh Mundell-Moore is the Marketing Manager for Colliers International | Charlotte. As a part of her role, she  is responsible for the implementation of the overall strategic marketing direction for Colliers brand standards, oversight of the creation and development of marketing-related materials and strategic marketing initiatives.  Along with property marketing, she is in charge of elevating Colliers International  | Charlotte’s exposure via a multitude of marketing channels including www.colliers.com/charlotte, social media accounts, graphic design materials, media relations, email campaigns and business proposals. Haleigh is also responsible for overseeing all team materials that are produced and assists the operations team with the coordination and execution of special events.

Haleigh started at Colliers International | Charlotte in 2014 as a Brokerage Assistant and has since advanced to the Marketing Manager position. 

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