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

I have great pictures at my Charlotte smugmug galleries: Uptown The Palisades, Ballantyne Country Club, Myers Park, SouthPark, High Gate-

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

This entry was posted on Tuesday, November 20th, 2007 at 7:54 am and is filed under Charlotte Business. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

lifecubes said at November 20th, 2007 at 10:50 am
[...] the full story here No Comments so far Leave a comment RSS feed for comments on this post. TrackBack URI [...]
Charles Woodall, Dothan Real Estate said at November 20th, 2007 at 11:08 am
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.
Bob Fortner said at November 20th, 2007 at 3:05 pm
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
Paula Henry said at November 21st, 2007 at 4:30 pm
Maura – Good stats for the Charlotte commercial market. Hope the residential market is good too – Paula
karl said at November 23rd, 2007 at 8:01 pm
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
Cyndee Haydon said at November 24th, 2007 at 10:49 pm
Terry – it’s great to read good Charlotte real estate news thanks for being our Top Charlotte Realtor. – Cyndee
Charlotte Business Says No To a Recession said at April 18th, 2008 at 8:06 pm
[...] Charlotte Office Space is TIGHT Bookmark to: [...]

Charlotte Homes For Sale

Charlotte Real Estate

Charlotte Homes- Video Introduction to Charlotte

Popular Categories

Community Categories

Charlotte Real Estate