Charlotte, NC Relocation Information: Economic Report

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Real Estate Agent 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

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Rainmaker
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Mark Horan
Resident Team Realty, LLC & Toni's Property Management LLC - Saint Cloud, FL
"The Resident Chef" - Resident Team Realty LLC &
Debe- That is great news for you in the Charlotte area. Your future looks great.
Feb 02, 2008 12:25 AM #1
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Adam Waldman
Westcott Group Real Estate Company - Hauppauge, NY
Realtor - Long Island
DEBE - This information is one that will definitely pull people towards Charlotte.  Great job!
Feb 02, 2008 06:03 AM #2
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Debe Maxwell
www.AtHomesCharlotte.com | Savvy + Company Real Estate - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Thanks Mark!  I think so too!

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

 

Feb 02, 2008 07:08 AM #3
Rainer
68,895
Charlotte Home Loans Your Charlotte Mortgage Lender
Charlotte, NC

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

Feb 02, 2008 07:10 AM #4
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Renee Parker
Coldwell Banker Hubbell BriarWood - Lansing, MI
Lansing Realtor
What good news for all of you in Charlotte!  This is excellent information Debe! 
Feb 02, 2008 08:47 AM #5
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Debe Maxwell
www.AtHomesCharlotte.com | Savvy + Company Real Estate - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

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!

 

Feb 02, 2008 11:59 AM #6
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