10Y UST4.73%+1.28%30Y MTG6.66%+0.15%SOFR3.65%+0.27%VNQ$96.44-1.24%XLRE$44.11-0.83%FED FUNDS3.63%
Real Estate Trail
Institutional Press Wire
Markets · NC

Charlotte

A banking and fintech hub with rapid in-migration, steady office demand in the urban core, and one of the most active multifamily pipelines in the Southeast.

State of the Market

Charlotte at a glance

Updated continuously
Tracked items
0
Most active: Office
10Y UST+1.28%
0.00%
30Y MTG+0.15%
0.00%
SOFR+0.27%
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Analyst’s read

The Charlotte commercial real estate market continues to exhibit resilience, driven by a diverse economic base and a steady influx of talent. Demand for office and industrial spaces remains robust, although the retail sector faces challenges amid shifting consumer preferences. Lenders are cautiously optimistic, maintaining a selective approach to underwriting, while allocators are increasingly drawn to opportunities that leverage the region's growth potential and demographic trends.

Most active sectors
  • Office10
  • Retail9
  • Multifamily9
  • Industrial4
  • Capital4
  • Hospitality2
Coverage velocity

Items added to the wire per week · last 12 weeks

Latest activity

News Wire — Charlotte

Full wire →
Connect CRE · Charlotte · Multifamily

Former Burned Out Charlotte Apartments Trade for Nearly $500K/Unit

Mid-America Apartment Communities acquired Modera Liberty Row from Mill Creek Residential for $116.3 million. That works out to nearly $500,000 a unit. Mill Creek developed Modera Liberty Row in partnership with Hawth…

Aug 25
Connect CRE · Charlotte · Industrial

Mooresville Industrial Park Trades for $135M

A Blackstone affiliate sold the North Charlotte Commerce Center in Mooresville to CBRE Investment Management for $135 million. The Charlotte Business Journal reports the deal was part of a 2.3-million-square-foot port…

Aug 20
Connect CRE · Charlotte · Multifamily

Charlotte Apartments Trade for $76.3M

Tishman Speyer made its first foray into the Charlotte market, purchasing Berkshire Dilworth, a 296-unit luxury multifamily property between West Midtown and the historic Dilworth neighborhood. Berkshire Residential w…

Aug 17
Connect CRE · Charlotte · Office

Investor Team Pays $91.8M for 2 Charlotte Office Buildings

Corebridge Real Estate Investors and Crestlight Capital acquired two buildings in The Station at LoSo mixed-use project in Charlotte. Commercial Search reports that the group paid $91.8 million for the assets, which c…

Aug 17
Connect CRE · Charlotte · Office

Amwins Moving Ahead on 15-Story Charlotte Office Tower

Amwins Group plans to build a 15-story, 250,000-square-foot office tower at the former Sharon Station site on Sharon Road. The global insurance company asserts the building should cost $39 million. The new tower will…

Aug 14
Connect CRE · Charlotte · Hospitality

White Lodging Breaks Ground on Marriott-Branded Charlotte Hotel

White Lodging will break ground this month on a new Autograph Collection (Marriott) hotel in Charlotte’s South End neighborhood, marking the company’s fifth Autograph property in its national portfolio of more than 60…

Jul 29
REBusiness Online · Charlotte · Retail

The Institutionalization of Charlotte’s Retail Sector

Years of nation-leading population growth, a robust job market and rising household incomes have propelled Charlotte retail onto the national stage as a major target for institutional and private investors alike. The…

Jul 27
Connect CRE · Charlotte

Hines Trust Acquires Historic Charlotte Design Center

Hines Global Income Trust acquired the Design District from Asana Partners for $170 million. Once the Nebel Knitting Mill, Asana bought the various components of the historic development and turned them into offices,…

Jul 24
Connect CRE · Charlotte · Industrial

Charlotte Warehouse Investor Pays $41.4M for 4-Building Portfolio

Adler Real Estate Partners acquired four industrial assets in Arrowridge Business Park for $41.4 million. BankUnited provided a $25.6 million loan for the acquisition. Adler acquired 8041, 8107, 8227 and 8301 Arrowrid…

Jul 21
Connect CRE · Charlotte · Office

Investor Duo Spending $20M on Charlotte Office Tower Revamp

Trinity Capital Advisors and Town Lane kicked off the makeover of the 15-story, 388,657-square-foot office tower at 440 S. Church St. The Charlotte Business Journal reports the $20 million project will focus on the 17…

Jul 16