North

Charlotte - NC USA - Industrial Submarket

Industrial real estate intelligence for the North submarket. 34.2M SF of inventory with 15.7% vacancy. Data sourced from various MLS platforms.

34.2MSF

Inventory

6.6MSF

Available

15.7%

Vacancy

18.7%

Availability Rate

$13.12

Asking Rent

2.9%

Rent Growth

-397,239SF

12mo Absorption

1.2MSF

Under Construction

Market Metrics

12mo Delivered

1.5M SF

Under Constr % of Inv

3.5%%

Sale Price/SF

$163

Cap Rate

6.5%%

12mo Sales Volume

$215,071,158

Sales Vol Growth

-52.1%

Asset Value

$5,762,491,254

Net Absorption

-397,239 SF

Recent DC Sales in Market

Property	Price	SF	Buyer
SFO1	$119.3M	26,900	Buyer 1 Altum Digital Infrastructure \| Buyer 2 Igneo Infrastructure Partners
Charlotte - South	$24.7M	66,666	Buyer 1 Altum Digital Infrastructure \| Buyer 2 Igneo Infrastructure Partners
4495 Low Latency Ln	-	200,000	-
4495 Low Latency Ln	-	200,000	-
8425 N 114th St	$2.6M	232,663	Google

Available DC Space in Market

Property	Avail SF	Rent	Owner
Four Overlook Point	863,403	$21.87 - 26.73 (Est.)	Woodcrest Capital LLC
Building D	20,678	$10.86 - 13.27 (Est.)	Entrada Partners
The Falchi Building	272,217	$23.00	Savanna Real Estate Fund
McHenry Corporate Center IV	42,811	$6.00 - 12.50	Gold Drop
Charlotte Data Center	18,068	$30.00	-

Data Centre Development Potential

High vacancy (15.7%) in North may indicate availability of conversion-ready industrial buildings for data centre development. Active construction pipeline of 1.2M SF indicates developer confidence in the submarket. Negative absorption of 397K SF over 12 months warrants caution, though this may create discounted acquisition opportunities.