Matrix Multifamily Charlotte Report-May 2025

Market Overview

Charlotte’s multifamily market showed measured growth in early 2025 as advertised asking rents rose 0.3 percent on a trailing three-month basis through March, reaching $1,600—outpacing the national average by 20 basis points. Deliveries in Q1 totaled 2,469 units, representing 0.8 percent of existing inventory. Construction starts declined notably compared to Q1 2024, suggesting a cooling in future supply momentum.

About Yardi Matrix

Yardi Matrix is a leading provider of commercial real estate data and analytics across asset classes such as multifamily, office, industrial, and more. Their metro-level multifamily reports offer timely insights into rent trends, supply dynamics, occupancy, and pipeline activity to inform strategic decisions by investors, operators, and analysts.