The gross domestic product (GDP) of North Carolina in 2023 was around 638 billion U.S. dollars. In the same year, the construction industry added around 25.6 billion chained 2017 U.S. dollars of value to the state GDP.

Graph and download economic data for Gross Domestic Product: Manufacturing (31-33) in North Carolina (NCMANNQGSP) from Q1 2005 to Q1 2025 about GSP, private industries, NC, private, manufacturing, industry, GDP, and USA.

In 2022, the total of business establishments in North Carolina in the accommodation and food services sector was ******. Meanwhile, there were ****** business establishments in the retail trade industry.

Graph and download economic data for Gross Domestic Product: Private Industries in North Carolina (NCPINQGSP) from Q1 2005 to Q1 2025 about GSP, private industries, NC, private, industry, GDP, and USA.

In 2023, about ******* people worked in the trade, transportation, and utilities industry in North Carolina -- the most out of any industry. The professional and business services industry employed the second-highest number of people in the state, at about ******* people, same figure as government employees.

Gross Domestic Product: All Industry Total in North Carolina was 839122.20000 Mil. of $ in January of 2024, according to the United States Federal Reserve. Historically, Gross Domestic Product: All Industry Total in North Carolina reached a record high of 839122.20000 in January of 2024 and a record low of 234571.90000 in January of 1997. Trading Economics provides the current actual value, an historical data chart and related indicators for Gross Domestic Product: All Industry Total in North Carolina - last updated from the United States Federal Reserve on July of 2025.

The North Carolina self-storage market, valued at approximately $XX million in 2025, exhibits robust growth potential, projected to expand at a compound annual growth rate (CAGR) of 4.97% from 2025 to 2033. This growth is fueled by several key drivers. The increasing urbanization of major North Carolina cities like Charlotte, Raleigh, Durham, and Greensboro, coupled with a rising population and limited housing space, creates a significant demand for self-storage solutions. Furthermore, the burgeoning e-commerce sector contributes to the need for storage space for businesses managing inventory and online retail operations. The growth of the state's economy and associated job creation also contribute positively to market expansion, as individuals and businesses require flexible storage options during relocation or expansion phases. While potential restraints include economic downturns that may reduce consumer spending on non-essential services and increased competition within the self-storage industry, the overall market outlook remains optimistic due to the aforementioned strong drivers. The segmentation within the market, catering to both personal and business users across diverse geographical locations, indicates a well-diversified market with opportunities for various market players. The geographic distribution of the market reveals varied growth potential across the state. Major metropolitan areas like Charlotte and Raleigh are expected to witness higher growth rates due to their denser populations and robust economic activity. Secondary cities like Greensboro, Durham, and Winston-Salem will also contribute significantly, albeit at potentially slightly lower growth rates compared to the larger metropolitan areas. The “Rest of North Carolina” segment may experience a more moderate growth trajectory due to its less concentrated population and economic activity. The competitive landscape includes both national players like Life Storage Inc. and Cubesmart LP, as well as regional and local operators like A-1 Personal Storage and NC Self Storage. This competition is expected to drive innovation and offer a diverse range of storage solutions to cater to the evolving needs of the North Carolina market. This comprehensive report provides an in-depth analysis of the North Carolina self-storage market, covering the period from 2019 to 2033. With a base year of 2025 and an estimated year of 2025, this report offers valuable insights into market trends, growth drivers, challenges, and future projections. It's the perfect resource for investors, operators, and anyone seeking to understand this dynamic sector. Search terms like "North Carolina self storage market size," "North Carolina self storage industry trends," and "Charlotte self storage market analysis" are incorporated to maximize search engine optimization. Recent developments include: March 2023 - A brand-new self-storage facility that MV is building in Fayetteville, North Carolina, is also almost finished. The building at 5234 Raeford Road, which was constructed on 9 acres, has 808 units and 105,000 gross square feet of space. The opening date was set for April 1. A development, building, and property management company with a focus on multifamily and self-storage buildings is MV. More than 1.5 million square feet of self-storage have been built by it thus far., August 2022 - CBRE, commercial real estate services and investment firm, announced the USD 23.6 million sales of two extra space storage facilities outside Charlotte, North Carolina. Lakeland Village acquired the portfolio from a private investor. Furthermore, the portfolio of 136,994 square feet includes extra space storage locations in Mooresville and Salisbury, North Carolina, the 66,000 square foot Salisbury facility, which can be found at 725 Jake Alexander Blvd. S. has 680 self-storage units that range in size from 5x5 feet to 10x30 feet.. Key drivers for this market are: Increased Urbanization, Coupled with Smaller Living Spaces, Improved Economic Outlook and Innovative Trends. Potential restraints include: Government Regulations on Storage. Notable trends are: Personal Segment to Hold Major Market Share.

Graph and download economic data for Gross Domestic Product: Paper Manufacturing (322) in North Carolina (NCPAPMANNGSP) from 1997 to 2023 about paper, nondurable goods, GSP, private industries, NC, production, goods, private, manufacturing, industry, GDP, and USA.

Real Gross Domestic Product: Private Services-Providing Industries in North Carolina was 462651.20000 Mil. of Chn. 2009 $ in January of 2024, according to the United States Federal Reserve. Historically, Real Gross Domestic Product: Private Services-Providing Industries in North Carolina reached a record high of 462651.20000 in January of 2024 and a record low of 185681.50000 in January of 1997. Trading Economics provides the current actual value, an historical data chart and related indicators for Real Gross Domestic Product: Private Services-Providing Industries in North Carolina - last updated from the United States Federal Reserve on May of 2025.

Graph and download economic data for Gross Domestic Product: Textile Mills and Textile Product Mills (313-314) in North Carolina (NCTEXTNGSP) from 1997 to 2023 about textiles, mills, nondurable goods, GSP, private industries, NC, production, goods, private, manufacturing, industry, GDP, and USA.

Graph and download economic data for Number of Private Establishments for All Industries in Union County, NC (ENU3717920510) from Q1 1990 to Q4 2024 about Union County, NC; Charlotte; establishments; private industries; NC; private; industry; and USA.

Graph and download economic data for Real Gross Domestic Product: All Industry Total in North Carolina (NCRGSP) from 1997 to 2024 about GSP, NC, real, industry, GDP, and USA.

Graph and download economic data for Gross Domestic Product: Private Services-Providing Industries in North Carolina (NCPRISERVPRONGSP) from 1997 to 2024 about GSP, private industries, NC, services, private, industry, GDP, and USA.

Graph and download economic data for Gross Domestic Product: Construction (23) in North Carolina (NCCONSTNQGSP) from Q1 2005 to Q4 2024 about GSP, private industries, NC, construction, private, industry, GDP, and USA.

Graph and download economic data for Gross Domestic Product: Food and Beverage and Tobacco Product Manufacturing (311-312) in North Carolina (NCFOODBEVTOBMANNGSP) from 1997 to 2023 about tobacco, beverages, nondurable goods, GSP, private industries, NC, food, production, goods, private, manufacturing, industry, GDP, and USA.

Graph and download economic data for Real Gross Domestic Product: Manufacturing (31-33) in North Carolina (NCMANRGSP) from 1997 to 2024 about GSP, private industries, NC, private, manufacturing, real, industry, GDP, and USA.

Graph and download economic data for Real Gross Domestic Product: Private Industries in North Carolina (NCPIRQGSP) from Q1 2005 to Q4 2024 about GSP, private industries, NC, private, real, industry, GDP, and USA.

Graph and download economic data for Gross Domestic Product: Management of Companies and Enterprises (55) in North Carolina (NCMNGCOENTPRNGSP) from 1997 to 2024 about management, enterprises, professional, companies, GSP, private industries, NC, business, services, private, industry, GDP, and USA.

Graph and download economic data for Real Gross Domestic Product: Private Goods-Producing Industries in North Carolina (NCPRIGOODPRORGSP) from 1997 to 2024 about GSP, private industries, NC, production, goods, private, real, industry, GDP, and USA.

Graph and download economic data for Chain-Type Quantity Index for Real GDP: Private Industries in North Carolina (NCPIQGSP) from 1997 to 2024 about quantity index, GSP, private industries, NC, private, industry, GDP, and USA.