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3 Important Industrial Insights

WASHINGTON DC 03.23.2017

THE NORTHEAST DC UPDATE

An In-Depth Look at the Drivers of One of DC's Hottest Quadrants

Bruce Baschuk -- J Street Companies
Bryant Foulger -- Foulger-Pratt
Adrian Washington -- Neighborhood Development Company
3 Important Industrial Insights
3 Important Industrial Insights
We asked C&W EVP Jim Dieter, who's an expert in pretty much every major industrial property market in the country, how greater Charlotte, with its 200M SF of inventory, stacks up these days compared to other markets.

1. Leasing activity reported at mid-year 2012 was about 800k SF, which was down from the same time in 2011 at 1.2M square feet of leasing activity.

2. Still, he's optimistic that the area will continue to grow throughout the year and beyond, particularly in the smaller distribution and light manufacturing sectors. The typical profile of buildings absorbed in the market is between 30k SF to 50k SF, which means the region isn't particularly known as a "big box" distribution hub.

3. Industrial vacancy rates are high in the Charlotte area, in the 16-plus percentage range, but Jim reiterates that there's a positive outlook on this region, especially as manufacturing continues to grow in the US. (We'll do our part by custom ordering everything. A monogrammed box of cereal in every pantry.)

Related Topics: Jim Dieter