Insights for Investors and Landowners Navigating a Market in Transition.

The November 2025 Market Outlook reveals a commercial real estate landscape entering a pivotal recalibration period. After several years of volatility, marked by rapid rate increases, tight lending standards, and elevated construction costs, the market is shifting toward selective opportunity and cautious optimism. National construction spending has stabilized at $2.14 trillion, signaling a more predictable environment for underwriting, while interest rates appear to be normalizing with the 10-Year Treasury forecast to remain in the 4.1% range into 2026.

For Charlotte, fundamentals remain resilient. Multifamily cap rates have stabilized in the high-4% to low-5% range, land values have adjusted 20–35% from peak pricing, and the slowdown in permits is setting the stage for an undersupplied market by 2027–2028, creating opportunity for both investors and landowners who act strategically now.

This month’s report highlights the key trends shaping development feasibility, capital markets, construction costs, and land valuations. Whether you’re preparing to deploy capital, evaluate a development site, or position your property for sale, this outlook is designed to support informed, data-driven decisions in a shifting market.

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