MARKET SNAPSHOT Charlotte q3 2025

Market Overview

‍The multifamily market in Charlotte is entering a phase of gradual tightening. With occupancy at 92.0 percent and average rent at $1,592, demand remains solid, YTD absorption stands at approximately 11,839 units. Annual rent change is –1.6 percent, and 12,367 units delivered year-to-date are beginning to crest the cycle. As the construction pipeline shrinks after several quarters of elevated activity, the conditions are shaping up for improved balance.

‍About MMG

‍MMG Real Estate Advisors is a U.S.-based multifamily research and advisory firm. Their Q3 2025 Charlotte market report blends metro-level data on rent trends, occupancy, absorption, completions and pipeline dynamics to help owners, developers and investors refine strategy and assess timing. To read the full report, click here.