Strong construction pipeline
Strong construction pipeline
The Charlotte
market
has 3.3 million
square
feet currently
under
development
The
Charlotte
market
has 3.3
million
square
feet
currently under development
4,000,000
Urban
Suburban
3,500,000
3,000,000
2,500,000
2,000,000
1,500,000
1,000,000
Rental
rates
500,000
0
2010
2011
2012
2013
2014
2015
2016
2017
Class A asking rents experienced a slight uptick in Q4, while Class B remains stable.
Rental rates
Q4 2018
Charlotte
Source: JLL Research
Class A asking rents experienced a slight uptick in Q4, while
B remains
Class Class
A
Class B stable.
$32.00
12
$30.88
$29.29
$27.00
$25.63
$23.79
$22.00
$17.00
$12.00
$23.80
$22.03
$21.50
$16.23 $16.01 $16.00 $16.14
2008 2009 2010 2011
Source: JLL Research
$22.50
$22.96
$26.49
$23.11
$23.06
$21.46
$17.37 $17.19 $17.57
2012 2013 2014
$18.79 $19.03
2015 2016
2017
Q4 2018
Charlotte
10
15