This edition of an annual series of facilities inventory and utilization studies reflects the status of space in North Carolina institutions of higher education at the end of the drop-add period of the 1988 fall term at each college. It gives indications of the uses being made of the space and provides norms and historical information for the past 5 years to enable institutions to make their own assessments of their facilities. Data for 113 institutions of higher education in North Carolina (16 public sector, 39 private nonprofit, and 58 public two-year) are included, and all proprietary institutions and Bible colleges are omitted. Information is presented on: utilization of instructional space (e.g., capacity/enrollment ratio, use of student stations in classrooms, and student clock hours of instruction); interior space characteristics (e.g., net-to-gross ratio, summary programs, and assignable area by room code); building characteristics (e.g., ownership of buildings, age of buildings, and condition of buildings); and accessibility of facilities to the mobility impaired. Twenty-six tables are included. Contains 9 references. (SM)