The strong growth in apartment construction near center city and a subsequent rise in vacancy rates may lead to more apartment development on the outskirts of town in the upcoming year, industry insiders say. And for those in the market ...Read More »
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CHARLOTTE – Multifamily developers over the past few years have gotten up close and personal with the Millennial generation, studying their wants and needs, and catering to those preferences. The result of that intense attention in Charlotte is thousands of ...
Tagged with: American Community Survey baby boomer apartments Census Bureau Charles Dalton Harvard University's Joint Center for Housing STudies Lindsey McAlpine millenials Multifamily developers Real Data Southern Apartment Group Walter Fields GroupRead More »
CHARLOTTE – A study by Harvard University found that the country’s rental housing market was the main benefactor of the housing-bubble burst that sent the U.S. careening into the its worst recession since the Depression. But the study, titled “America’s ...
Tagged with: Camden Property Trust Charles Dalton Charlotte apartment market Childress Klein Crescent Communities Greater Charlotte Apartment Association Harvard University Joint Center for Housing Studies Ken Szymanski Real DataRead More »
SOUTH END – Despite the developer’s website saying construction started this time last year, demolition crews have just begun tearing down the Simpson’s Lighting building, at Carson Street and South Boulevard in South End. Once the old brick-and-mortar building is ...Read More »
CHARLOTTE – Campus Crest in 2004 didn’t own and hadn’t built a single residential bed. Nine years later, the Charlotte-based student housing developer is approaching 50,000 beds in 87 student-specific apartment communities, spread across 25 states. The company is also ...
Tagged with: Bill Stricker Campus Crest Carolinas Associated General Contractors Charles Dalton East Carolina University off-campus student housing Real Data Ted Rollins The Grove UNC Charlotte University of Noth Carolina at AshevilleRead More »
Victor Calanog said the national apartment market at the end of the third quarter continues to be at or near the top of the commercial real estate industry, with demand high and vacancies falling. Calanog, vice president of economics and ...Read More »
1200 South Boulevard, a 331-unit project at Carson and South boulevards, has been off the drawing board for more than a year, waiting to join the list of apartment projects coming to South End. The site is soon to change, with apartment construction set to begin within the next month, according to Capstone Building Corp., the Birmingham, Ala.-based general contractor that’s working on the project.
Tagged with: 1200 South Boulevard Boykin Management Co. Cambridge Development Group Camden Property Trust Capstone Building Corp. Carson and South boulevards Charlote Dalton Colonial Property Trust Grubb Properties Merrifield Patrick Vermilion Real Data South End apartmentRead More »
A national multifamily report, released last week by New York-based Reis, a commercial real estate analytics firm, shows apartment vacancies well below the 20-year national average and rents steeper than before the Great Recession.Read More »
Not long ago, when potential tenants were seeking office space across the city, they were at the mercy of the landlord or owner.Those conversations changed during the recession, when vacancy rates were climbing and landlords were grasping for tenants. But as Charlotte moves back toward a landlord’s market, tenants aren’t relinquishing all the cards they’ve been handed.Read More »
Amenities, such as an eighth-floor tenant lounge, aren’t reserved solely for The Vue, the 51-floor condominium-turned-apartment tower at Fifth and Pine streets. In the booming apartment construction in Charlotte, the days of a simple pool and clubhouse are over as developers are focusing on projects heavy on amenities – the more unusual, the better.Read More »