Charlotte Multifamily Market Report – August 2025

Market Overview

‍The multifamily market in Charlotte is showing signs of strain as new supply surges. Asking rents rose just 0.1 percent year-over-year to $1,594, while occupancy slipped to 93.8 percent. Deliveries reached 8,337 units through mid-2025 and nearly 18,000 are expected by year-end, placing the metro among the heaviest-supplying nationwide. Although job growth remains healthy, leasing is struggling to keep pace with the flood of new inventory.

‍About Yardi Matrix

‍Yardi Matrix is a data-driven firm specialising in multifamily housing markets. Their Charlotte market report provides detailed metrics on rent trends, occupancy, supply and transaction activity to help owners, developers and investors calibrate timing and positioning. To read the full report, click here.