As population growth and a shift to online shopping have increased the demand for logistics space, Charlotte’s inventory of warehouses and distribution centers rapidly expanded. As a result, the total value of industrial space in the Charlotte metropolitan area over the past five years has exceeded the value of office or retail space for the first time on record.
Industrial property values surpass office, retail in Charlotte
Rent growth, development push industrial values up 56% in five years
CoStar Analytics
November 19, 2024 | 9:16 P.M.
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