Charlotte NC|Demand for Office Space is Tight, despite national trends, so says the Wall Street Journal…
November 20th, 2007 Categories: Charlotte Business
Charlotte, NC
Demand for Downtown Office Space Is Strong
By Maura Webber Sadovi WSJ
Wachovia to the left
These are heady times for Charlotte, N.C.’s commercial real-estate market, which is holding strong against the impact of a nationwide crunch in the financial sector. Although the metropolitan area’s banking-centered economy can’t escape the pinch entirely, its crowded downtown office towers make landlords in most other cities envious.
With 2.6% of its downtown office space available to lease, the Queen City’s third-quarter vacancy rate was the country’s lowest, according to a nationwide survey of central business districts by CB Richard Ellis
unfortunately the rest of this post is behind a pay per view window that the WSJ is clinging onto…
As most of you know, I post mostly on residential real estate and lifestyle ” happenings” around the city, so why this post? Because it is the commercial market’s stamp of approval on Charlotte–
People with a lot of money to invest, are choosing Charlotte, NC.
.. shouldn’t you too? Call me direct at 704-351-1519, and I’ll see you in Charlotte!
A couple of other recent articles about Charlotte by Forbes.com and ABC News
There are more than 35 Charlotte galleries in total, I try and add new ones every week.
More about us at Terry McDonald Real Estate.com Online Relocation Guide-video Intro to Charlotte
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Terry,
As you know, when commercial real estate is healthy in an area, residential usually is as well. Sounds like the Charlotte real estate market is in good shape and that you have it covered.
Terry - Great insight into what the commercial real estate market in Charlotte says about the overall financial health of the city. When occupancy is high, employment is usually low. This combination will continue to fuel the residential real estate market in Charlotte.
Your 2.6% vacancy rate has got to be driving the pundits crazy!
Bob
Maura - Good stats for the Charlotte commercial market. Hope the residential market is good too - Paula
Terry, Charlotte sounds like it’s in great shape as far as the commercial real estate market. Great place to live, work and play. - Karl
Terry - it’s great to read good Charlotte real estate news thanks for being our Top Charlotte Realtor. - Cyndee
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