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Multifamily Rent Growth to Resume

  • Short Description: Multifamily rent trends are changing, with bounceback expected in Phoenix, Charlotte, and Nashville. Investment performance in these markets is likely to be bolstered in the near term.
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CBRE reports that while some Sun Belt cities are experiencing a slowdown in rent growth, Charlotte is positioned for a sharp bounce back. As excess supply from recent development is absorbed, the city's strong rent increases are expected to resume. 

Charlotte, Rent Growth, Real Estate

Two male tech industry professionals work in front of a computer in Charlotte, NC tech sector

Charlotte Tech Job Growth Hottest in NA

  • Short Description: Charlotte's tech scene is hot, with the city boasting double-digit job growth in the sector, fueling demand for housing and office space and driving rent increases.
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In CBRE's report from Q3 2024 they report that "Charlotte ranks among the most active tech markets in North America for office leasing activity this year, buoyed by the city's growth in tech employment and office lease rates."

According to Joe Franco, an SVP in CBRE's Charlotte office, "Results from CBRE's Tech-30 report confirm that Charlotte's g rowth rate in the tech sector continues to solidify our market as a technology-forward city nationally."

The full report offers an analysis of the positive correlation between VC funding and leasing activity by AI companies, interesting in light of CBRE's recent forecasts for growth related to AI as one of Charlotte's emerging industry clusters (read more here).

Charlotte

Colorful skyscrapers of Charlotte North Carolina short from the Autumn Park Lake

Charlotte Reports Dramatic 2023 Growth

  • Short Description: Charlotte sees massive investment in 2023. CRBA report highlights billions in capital, thousands of new jobs.
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The Charlotte Regional Business Alliance's (CRBA) most recent growth report (Q4 2023) boasts $549 million capital investment in Q4 and $4.5 billion capital investment in 2023. It also reports 6,185 announced jobs in 2023, 2.68% employment change YOY in 2023, and a 3.0% unemployment rate. 

All key industries are expected to trend upward in employment, with significant financial services growth (12% by 2027) a key driver in the region's economy. CRBA projects that current and new federal policies are expected to continue driving emerging industry clusters such as AI-powered software and support resources, and that life sciences and clean energy will also contribute to job growth opportunities.

Download the full report to learn more about Charlotte's strong population and employment growth.

Charlotte