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North Carolina
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VACANCY
Apartment
The average Vacancy Rate was 6.9% in the Charlotte metro
Distribution / Warehousing
The average Vacancy Rate was 6.9% in the Charlotte metro
- Vacancy in the Charlotte metro drifted upward by 40 basis points.
- The Charlotte metro had the highest vacancy level since Q2 2021.
Flex / R&D
The average Vacancy Rate was 11.3% in the Charlotte metro
Office
The average Vacancy Rate was 20.8% in the Charlotte metro
Retail
The average Vacancy Rate was 9.5% in the Charlotte metro
RENT
Apartment
The average Asking Rent was $1,517 in the Charlotte metro
Distribution / Warehousing
The average Asking Rent was $6.25 in the Charlotte metro
- Rent in the Charlotte metro was up 1.0% from Q3 2023.
- Rent has risen in every quarter since Q2 2020 in the Charlotte metro.
Flex / R&D
The average Asking Rent was $9.93 in the Charlotte metro
- Rent in the Charlotte metro was up 1.1% from Q3 2023.
- Rent has risen in every quarter since Q3 2020 in the Charlotte metro.
Office
The average Asking Rent was $30.02 in the Charlotte metro
- Rent in the Charlotte metro was up 0.1% from Q3 2023.
- Rent has risen in every quarter since Q3 2013 in the Charlotte metro.
Retail
The average Asking Rent was $20.14 in the Charlotte metro
VACANCY
Apartment
The average Vacancy Rate was 6.2% in the Greensboro/Winston-Salem metro
- Vacancy in the Greensboro/Winston-Salem metro drifted upward by 30 basis points.
- The Greensboro/Winston-Salem metro had the highest vacancy level since Q2 2016.
Distribution / Warehousing
The average Vacancy Rate was 5.9% in the Greensboro/Winston-Salem metro
Office
The average Vacancy Rate was 21.7% in the Greensboro/Winston-Salem metro
Retail
The average Vacancy Rate was 10.2% in the Greensboro/Winston-Salem metro
RENT
Apartment
The average Asking Rent was $1,176 in the Greensboro/Winston-Salem metro
Distribution / Warehousing
The average Asking Rent was $6.10 in the Greensboro/Winston-Salem metro
- Rent in the Greensboro/Winston-Salem metro was up 0.5% from Q3 2023.
- Rent has risen in every quarter since Q3 2020 in the Greensboro/Winston-Salem metro.
Office
The average Asking Rent was $17.64 in the Greensboro/Winston-Salem metro
Retail
The average Asking Rent was $15.76 in the Greensboro/Winston-Salem metro
VACANCY
Apartment
The average Vacancy Rate was 6.5% in the Greenville metro
Distribution / Warehousing
The average Vacancy Rate was 6.1% in the Greenville metro
- Vacancy in the Greenville metro drifted upward by 10 basis points.
- The Greenville metro had the highest vacancy level since year-end 2021.
Office
The average Vacancy Rate was 21.5% in the Greenville metro
Retail
The average Vacancy Rate was 10.6% in the Greenville metro
- No vacancy change since Q3 2023 in the Greenville metro.
- The Greenville metro had the lowest vacancy level since year-end 2008.
RENT
Apartment
The average Asking Rent was $1,220 in the Greenville metro
Distribution / Warehousing
The average Asking Rent was $5.17 in the Greenville metro
- Rent in the Greenville metro was up 1.0% from Q3 2023.
- Rent Has risen for eleven consecutive quarters in the Greenville metro.
Office
The average Asking Rent was $20.04 in the Greenville metro
- Rent in the Greenville metro was up 0.1% from Q3 2023.
- Rent Has risen for six consecutive quarters in the Greenville metro.
Retail
The average Asking Rent was $12.70 in the Greenville metro
VACANCY
Apartment
The average Vacancy Rate was 3.0% in the Knoxville metro
Distribution / Warehousing
The average Vacancy Rate was 3.3% in the Knoxville metro
Office
The average Vacancy Rate was 15.0% in the Knoxville metro
- Vacancy in the Knoxville metro declined by 150 basis points.
- The Knoxville metro had the lowest vacancy level since Q1 2018.
Retail
The average Vacancy Rate was 13.2% in the Knoxville metro
- Vacancy in the Knoxville metro increased by 70 basis points.
- The Knoxville metro had the highest vacancy level since Q3 1999.
RENT
Apartment
The average Asking Rent was $1,085 in the Knoxville metro
Distribution / Warehousing
The average Asking Rent was $4.92 in the Knoxville metro
- Rent in the Knoxville metro was up 0.4% from Q3 2023.
- Rent Has risen for eleven consecutive quarters in the Knoxville metro.
Office
The average Asking Rent was $18.06 in the Knoxville metro
- Rent in the Knoxville metro was up 1.3% from Q3 2023.
- Knoxville metro had its fastest rent rate of increase since year-end 2007.
Retail
The average Asking Rent was $15.50 in the Knoxville metro
- Rent in the Knoxville metro was up 1.5% from Q3 2023.
- Knoxville metro had its fastest rent rate of increase since Q3 1999.
VACANCY
Apartment
The average Vacancy Rate was 3.2% in the Norfolk/Hampton Roads metro
- Vacancy in the Norfolk/Hampton Roads metro rose by 50 basis points.
- The Norfolk/Hampton Roads metro had the highest vacancy level since year-end 2021.
Distribution / Warehousing
The average Vacancy Rate was 6.3% in the Norfolk/Hampton Roads metro
- Vacancy in the Norfolk/Hampton Roads metro drifted upward by 20 basis points.
- The Norfolk/Hampton Roads metro had the highest vacancy level since Q3 2021.
Office
The average Vacancy Rate was 18.2% in the Norfolk/Hampton Roads metro
Retail
The average Vacancy Rate was 12.9% in the Norfolk/Hampton Roads metro
RENT
Apartment
The average Asking Rent was $1,397 in the Norfolk/Hampton Roads metro
Distribution / Warehousing
The average Asking Rent was $7.64 in the Norfolk/Hampton Roads metro
- Rent in the Norfolk/Hampton Roads metro was up 0.9% from Q3 2023.
- Rent has risen in every quarter for the past three years in the Norfolk/Hampton Roads metro.
Office
The average Asking Rent was $20.94 in the Norfolk/Hampton Roads metro
Retail
The average Asking Rent was $16.57 in the Norfolk/Hampton Roads metro
VACANCY
Apartment
The average Vacancy Rate was 7.8% in the Raleigh-Durham metro
- Vacancy in the Raleigh-Durham metro increased by 120 basis points.
- The Raleigh-Durham metro had the highest vacancy level since Q2 2010.
Distribution / Warehousing
The average Vacancy Rate was 5.4% in the Raleigh-Durham metro
Flex / R&D
The average Vacancy Rate was 6.8% in the Raleigh-Durham metro
- Vacancy in the Raleigh-Durham metro increased by 90 basis points.
- The Raleigh-Durham metro had the highest vacancy level since Q3 2021.
Office
The average Vacancy Rate was 20.2% in the Raleigh-Durham metro
- Vacancy in the Raleigh-Durham metro drifted upward by 40 basis points.
- The Raleigh-Durham metro had the highest vacancy level since year-end 2003.
Retail
The average Vacancy Rate was 7.4% in the Raleigh-Durham metro
- Vacancy in the Raleigh-Durham metro drifted downward by 10 basis points.
- The Raleigh-Durham metro had the lowest vacancy level since year-end 2020.
RENT
Apartment
The average Asking Rent was $1,448 in the Raleigh-Durham metro
Distribution / Warehousing
The average Asking Rent was $8.47 in the Raleigh-Durham metro
- Rent in the Raleigh-Durham metro was up 0.5% from Q3 2023.
- Rent has risen in every quarter since Q2 2020 in the Raleigh-Durham metro.
Flex / R&D
The average Asking Rent was $15.18 in the Raleigh-Durham metro
- Rent in the Raleigh-Durham metro was up 0.2% from Q3 2023.
- Rent has risen in every quarter since year-end 2019 in the Raleigh-Durham metro.
Office
The average Asking Rent was $26.09 in the Raleigh-Durham metro
- Rent in the Raleigh-Durham metro was up 0.2% from Q3 2023.
- Rent has risen in every quarter since Q3 2013 in the Raleigh-Durham metro.