NC Multifamily Supply Stabilization

Commercial Real Estate

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North Carolina's multifamily market is stabilizing with vacancies easing to 6-8% in key markets like Charlotte and Raleigh-Durham, as tenant absorption now matches new deliveries of 3-5K units annually. This balance counters earlier supply pressures from pandemic-era construction booms, supported by steady job growth in tech, finance, and biotech sectors, driving household formation.

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