This shift has been primarily propelled by an escalating demand for warehouse and distribution space, which, in turn, has resulted in a shortage of available supply. However, the landscape is evolving once more, as vacancy rates are now on the upswing, albeit in a particular subset of the market - specifically, the larger, big-box warehouses, defined as those exceeding 500,000 square feet.
This report dives into the multifaceted aspects of vacancy within the Charlotte industrial market. Our aim is to provide an in-depth analysis of where these vacancies are concentrated in both the current landscape and projected future supply. We dissect vacancy statistics by examining various factors such as submarkets, class distinctions, building types, and building sizes.
