Charlotte, NC Relocation Information: Economic Report

By
Real Estate Broker with www.AtHomesCharlotte.com | Savvy + Company Real Estate 228209

uptown construction

 

As I was showing a property today near the Uptown area in Dilworth, I noticed that the skyline included another new crane, which led me to follow the maze of new construction into the area to see which project was moving forward.  Almost 2.7 million commercial square feet, currently being erected in the Uptown area right now still won’t be enough to meet the demand of Charlotte’s growing economy.

The Charlotte Chamber of Commerce has compiled the newest set of numbers revealing that over 1,300 new or expanding firms are investing $2.3 billion in Charlotte’s future infrastructure.  With a vacancy rate of only 2%, commercial space in the Uptown area is very tight and with 14,648 jobs being created by these firms, Uptown residential space should soon be limited as well.  The numbers are a fairly good indicator of Charlotte’s continued economic growth. 

 

 

Some of the new jobs are as follows:

  • 4,436   Accommodations & food service industry
  • 3,000   Technical service
  • 2,210   Retail
  •    360   Manufacturing
  •  4,642   Healthcare, finance and administrative support

trade and tryon

 

 

 

 

 

 

 growth rates

The addition of these 14,648 jobs, translates into an increase in demand for housing as well.  Uptown residential buildings continue to add to Charlotte’s skyline in an effort to keep pace with increased job demand.  It remains to be seen if the residential new construction will, indeed, keep pace with the draw for Uptown’s preferred work/live environment. 

2008 is shaping up to be a stellar year for Charlotte, NC.

 

About the author: 

Debe Maxwell is a Charlotte Residential Real Estate, Certified Neighborhood and Relocation Specialist who can assist you with the purchase and/or sale of real estate in Charlotte, NC or any place in the country by connecting you with a relocation professional in your destination of choice.  Debe has created a team of professionals throughout the country to ensure that you enjoy a smooth transition to your new area. These professionals are experts in the field of relocation and can serve many purposes beyond a simple home search.  The destination service is of no cost to you!  Please visit www.debemaxwell.com/ for your relocation and/or your local needs. 

Debe Maxwell- HELEN ADAMS REALTY - 704.491.3310 - Debe@DebeMaxwell.com

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the tree to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Location:
North Carolina Mecklenburg County Charlotte Uptown
Tags:
charlotte
nc local expert
relocation package
nc economic and real estate information
nc information

Comments 6 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the clock to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainer
274,084
Adam Waldman
Realtor - Long Island
Westcott Group Real Estate Company
DEBE - This information is one that will definitely pull people towards Charlotte.  Great job!
February 02, 2008 06:03 AM
Ambassador
1,246,971
Debe Maxwell
Charlotte Homes for Sale - Charlotte Neighborhoods
www.AtHomesCharlotte.com | Savvy + Company Real Estate

Thanks Mark!  I think so too!

Adam:  We love those Long Islanders down here!  Thanks!

 

February 02, 2008 07:08 AM
Rainer
68,863
Charlotte Home Loans Your Charlotte Mortgage Lender

If I could give you a star I would. This series should be featured!

OR maybe you could start a new group about Relocation to Charlotte. I think that would be a great resource to anyone thinking of moving to the area and could really focus the information there!

Ed

February 02, 2008 07:10 AM
Rainer
18,306
Renee Parker
Lansing Realtor
Coldwell Banker Hubbell BriarWood
What good news for all of you in Charlotte!  This is excellent information Debe! 
February 02, 2008 08:47 AM
Ambassador
1,246,971
Debe Maxwell
Charlotte Homes for Sale - Charlotte Neighborhoods
www.AtHomesCharlotte.com | Savvy + Company Real Estate

Thanks Ed!  I did read yesterday that if you flag a post that you can suggest a little gold star!  I never knew that--but, did go out and make a suggestion that one I had read be 'gold-starred'!

Thanks, Renee!  We're trying to maintain our stats to show that the disturbing news is only speculative here in Charlotte!

 

February 02, 2008 11:59 AM
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the music-note to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Ambassador
1,246,971

Debe Maxwell

Charlotte Homes for Sale - Charlotte Neighborhoods
Have questions about Charlotte? How may we help?
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the balloons to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information

Author Bio: Debe Maxwell is a Certified Residential Specialist in the Charlotte Metro region with a focus on the Charlotte luxury home market. My team of agents each have their own specialty areas, a benefit to anyone buying a home in Charlotte NC.

 

QUICK LINKS

Thinking of Selling?
Relocating to the Charlotte area?
View My Listings
Charlotte Home Buyer Resources
SEARCH ENTIRE MLS
Charlotte Info and FAQ

Visit Real Estate 411
FB.init("d6a2050a286649cead011230962ae2b2");

Subscribe to my blog via email:

Delivered by FeedBurner


var sc_project=4224498; var sc_invisible=0; var sc_partition=48; var sc_click_stat=1; var sc_security="76ca9118"; FB.init("d6a2050a286649cead011230962ae2b2");
Locations of visitors to this page