By Scott Baughman
Published: March 5,2012
For an office market that’s seen vacancies rise since the Great Recession began, steady vacancy rates are a good thing. But industry officials say that does not necessarily mean Charlotte’s office market has turned a corner.
By Scott Baughman
Published: October 22,2011
In 2006, before the recession, the Charlotte Regional Realtor Association had 8,152 members. Today, its membership is thinner by about 1,407, a decline that, no doubt, is a byproduct of the market’s downturn. It’s not as much of an exodus as CRRA President Laurie Knudsen said she was expecting. “We don’t necessarily depend on membership [...]
By Mecklenburg Times staff reports
Published: August 26,2011
Office buildings in the Charlotte area had a 17.9 percent vacancy rate in the second quarter, down from more than 18 percent at the end of last year, according to a Karnes Research Co. report released this week. The region had 552 office buildings, with a total inventory of 49.19 million square feet, in the quarter. [...]
By Sam Boykin, staff writer
Published: August 19,2011
It could be one of the greatest real estate bargains in Charlotte history: 33,347 square feet of space on seven acres for only $1 a year in rent. That proposal for Tryon Hills Pre-K Center in north Charlotte is among others that Charlotte-Mecklenburg Schools is entertaining for nearly a dozen shuttered buildings that CMS wants [...]
By Tara Ramsey, staff writer
Published: June 21,2011
On June 9, Charlotte-based Bissell Cos. started construction on two office buildings in Ballantyne Corporate Park. The company calls it the largest speculative office project in the U.S. The $100 million project will add another 550,000 square feet to the corporate park. But the project is significant for more than its size. In today’s construction [...]
By Tara Ramsey, staff writer
Published: June 21,2011
Darrell Boyette’s cigar shop, Tinderbox, is in Overstreet Mall, a collection of stores inside some of uptown’s high-rise buildings. It’s Tinderbox’s smallest location, and Boyette, the general manager, sees 80 to 100 customers every day at the store, which he says operates during “bankers’ hours” — 10 a.m. to 6 p.m. weekdays. “We chose this [...]
By Tara Ramsey, staff writer
Published: May 27,2011
Charlotte’s South End has an artsy — some might even say funky — vibe, with its easy access to light rail and historic buildings. The businesses the area is known for are, generally speaking, small outfits that feel at home in the older buildings that feature lofty ceilings and hardwood floors. Now, large businesses are [...]
By Sam Boykin, staff writer
Published: April 8,2011
Alec Polites said it’s like hitting a man when he’s down. Having slashed rents to hang on to tenants in his struggling shopping center on East Independence Boulevard, he couldn’t believe his eyes when he received his 2011 revaluation from Mecklenburg County’s assessor’s office last month. The tax value for Independence Park, which is divided into [...]
By Mecklenburg Times staff reports
Published: March 22,2011
Some Mecklenburg County retail property and office building owners are going to be coughing up a lot more in property taxes. According to a Mecklenburg Times review of the county’s 2011 commercial property revaluation — the results of which were sent to property owners Monday — some retail properties throughout Charlotte more than doubled in [...]
By Deon Roberts, editor
Published: February 22,2011
It’s anyone’s guess as to what the results of the county’s 2011 revaluation of commercial properties will be. Property owners won’t receive the new values until March. In the meantime, those involved in the revaluation say it’s likely that overall values will be higher than in 2003, when the county’s last revaluation took place. “I [...]
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