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,