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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Charlotte North Carolina Real Estate|It Just Keeps Getting Better! ABC News
November 19th, 2007 Categories: Charlotte Business
In a Yearlong Housing Downslide, Charlotte Keeps Getting Better
People Are Flocking to Charlotte Where They Get More Bang for Their Buck
The full story and a similar story from Forbes. com ( I am not paying these guys really!)
It is nice to get some good real estate news from media! Like to Visit a few Charlotte Communities? Here are some favorites… (it is what we do here!)
REQUEST INFORMATION ON INVENTORY BARGAINS HERE
Sun City Carolina Lakes (Ft Mill)- a Del Webb Community, just south of Charlotte, condos from the 180’s SF, from 220’s Deals Here!
The Palisades, Charlotte- Resort style living- great tennis, equestrian and golf- on 1500 wooded acres, 17 miles from Uptown. Unadvertised deals here.
Antiquity in Cornelius- the most exciting new Lake Norman area new home community- great deals on Meeting street homes
Brookhaven in Weddington- John Wieland’s amenity rich new home community in closein Union county. Prices from the 400’s and then from the high 500’s in the estate sections. Unadvertised deals
Or if you want a Golf Community, Charlotte Golf Course homes is the post for you!
There are more than 35 Charlotte galleries in total, I try and add new ones every week.
Call me direct at 704-351-1519, and I’ll see you in Charlotte!
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Charlotte NC|Forbes.com Declares Charlotte 3rd Most UNDER-Valued Real Estate Market in the US
November 17th, 2007 Categories: Charlotte Business
From Forbes.com,November 13, 2007 About Charlotte North Carolina Real Estate…
“…You’re most likely to find undervalued real estate in cities where the real estate boom was driven by sustainable factors like job growth and economic expansion–like Charlotte, N.C. The city has quietly become one of America’s leading financial centers: Its banking sector, anchored by Bank of America (nyse: BAC - news - people ) and investment subsidiary Banc of America, has continued to expand even as Wall Street takes its lumps.” (bold is from me- and international investors are noticing too.)
Ahem… I think I’ve said this,
… as in No Bubble Here , and here note the last line and this 3rd Quarter Market Report
We’ve grown the old fashioned way: adding jobs and more and more people just want to move here.”
Full Forbes Article The Forbes writer , Matt Woolsey goes on to say, “So there’s big money in Charlotte. But based on price-per-square-foot numbers from Radar Logic, a New York-based real estate research firm, the city boasts the third-cheapest real estate in the country, behind Detroit and Atlanta, Ga. Detroit’s woes are well worn, and Atlanta has an inventory glut and a fast rate of home construction. But Charlotte is without an inventory problem and has a dipping rate of home starts, according to NAHB.
So where are the deals in Charlotte Real Estate?
There are deals in new homes as builders shed inventory -all price points, there are excellent multi-family opportunities, and if you are considering opening a new business, a franchise, or a professional practice, come to Charlotte, where the economy hums, new business entrepreneurs are welcome, and real estate is - not cheap, but you get more for your money. You’ll save on your taxers and insurance too in this business friendly city. Can’t give away the store here, My competitors read this too) but there are great deals here on property that is nationally undervalued. And from Europe, it is even cheaper, I have folks from Italy this weekend.
Oh, did I mention there is just about no winter here? People move here all the time, or buy 2nd homes, for the climate alone.
So who is buying in Charlotte?
Certainly the affluent, where the national market doesn’t bother them. Since October 1, therehave been 179 sales of homes over $600,000- there were 50 over $1Million.
In addition, 2nd home purchases to live in part-time (we’ve had at least 3 “grand-mother” purchases this year”) and the transfers, folks whose job has moved them here, and still a number of other families moving my chocie.
We are Buyer Agents, we represent only you in Charlotte NC and Upper SC,
and you can learn more about us at my real estate website.
Never been to Charlotte? See pictures of Charlotte neighborhoods here at my smugmug galleries: The Palisades, Ballantyne Country Club, Myers Park, SouthPark, High Gate
… take your time, there are about 30 awesome galleries!
Planning a visit? I’d love to show you around, see some homes and the city too! Call me direct at 704-351-1519
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