Robust population growth and access to key distribution channels strengthen demand for warehouse space. The metro provides distribution advantages to tenants with easy access to Charlotte International Airport, Interstate 77, Interstate 85 and a population that is growing at triple the national rate. The area has seen an influx of e-commerce companies searching for opportunities to grow a footprint near their consumer base in response to the emphasis on last-mile shipping. After two years of heightened construction levels, expected deliveries are closer to the previous five-year average, with 2.5 million square feet scheduled to be finalized in 2019. The decline in new inventory and Amazon’s recent move into 1 million square feet of existing space will result in absorption levels outpacing completions, compressing the vacancy rate to the lowest level of the current cycle. The Queen City’s demand for leasable space is going to push rents up for the sixth consecutive year.