Market Snapshot | Charlotte Q2 2025

Market Overview

In Q2 2025, Charlotte delivered its strongest second quarter of absorption in over a decade, with approximately 4,518 units leased. That brought year-to-date net absorption to 8,072 units. Despite steady leasing, deliveries remain elevated, with 10,410 units completed through midyear. Average rent declined 1.2 percent year-over-year, while occupancy held relatively stable at 92.0 percent—up 20 basis points from last year—indicating early signs of market stabilization.

About MMG

MMG Real Estate Advisors delivers multifamily market intelligence and capital strategy across key U.S. metros. Their quarterly reports distill data on rents, occupancy, absorption, and supply trends with regional context to guide investors, developers, and owners in navigating market shifts.