Snapshots

Low labor costs are transforming the Charlotte industrial market

Low labor costs have sparked a 108% increase in Charlotte’s industrial construction growth since 2014

July 31, 2019
  • Low labor costs have sparked a 108% increase in Charlotte’s industrial construction growth since 2014.  At 6% less than the national average, Charlotte’s low labor costs for warehouse workers and manufacturers make this market a prime competitor for industrial operations.
  • The Charlotte MSA is home to over 100,000 manufacturing, transportation, and warehousing employees, seeing a 17% job growth since 2014.  Companies are choosing Charlotte and its surrounding area due to our dense workforce, healthy infrastructure, and accessible transportation options.
  • With 2.9  million square feet under construction this year, Charlotte is in a position for continued future growth.  Moving forward, Charlotte looks to expand its tenant base to fill new deliveries across all submarkets.

Source: BLS, JLL Research,

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