Charlotte Retail Market Report

By CREhunt Research · Data through Q2 2025 · Aggregated from JLL, Colliers

Quarterly retail market indicators for Charlotte, aggregated by CREhunt from JLL, Colliers. As of Q2 2025, average asking rent was $25.37/SF/yr and vacancy was 3.2%, per JLL.

Projected current retail pricing — Charlotte

Projected asking rent
$25.37/SF/yr
Estimated sale value
$222–$332/SF

Modeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for Charlotte retail yet, so this applies the typical cap rate across comparable retail markets — treat it as a rough, indicative range that sharpens as sourced cap rates arrive. Projected asking rent × occupancy × net-operating-income margin band ÷ a benchmark cap rate, from Q2 2025 JLL asking-rent data (benchmark cap rate 6.1%–7.2%, asking rent held flat). Assumes ~97% occupancy and a 65–82% net-operating-income margin.

QuarterAsking rentVacancyNet absorptionUnder constr.
Q2 2025
JLL
$25.37/SF/yr3.2%226K SF—
Q1 2025
Colliers
$22.31/SF/yr2.8%221K SF—
Q3 2020
Colliers
$22.31/SF/yr2.5%221K SF—

Frequently asked questions

What is the average asking rent for retail space in Charlotte?
As of Q2 2025, the average asking rent for retail space in Charlotte was $25.37/SF/yr, per JLL.
What is the retail vacancy rate in Charlotte?
The retail vacancy rate in Charlotte was 3.2% as of Q2 2025 (JLL).
Where does CREhunt's Charlotte market data come from?
This report aggregates quarterly retail market data for Charlotte from JLL, Colliers.