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Industry experts bullish on 2016 housing, office sector
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 […]
The next boom
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 […]
Apartment market nears equilibrium, future uncertain
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 […]
Demolition begins, paving way for South End apartments
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 […]
Riding the Crest: Student housing developer has found a way to grow while keeping costs low
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 vacancies falling, demand high
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 […]
Avoiding the rush: South End apartment project finally set to break ground
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 projec[...]
View from the penthouse: National trends signal a softening in the hearty multifamily market
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.
Tenant-acity In the complicated sphere of tenant-owner relationships, tenants are demanding 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.
Amenity rich
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.
Multifamily mammoths: A look at the top 5 apartment projects of 2012
As far as Charlotte's commercial construction industry goes, 2012, arguably, has been the year of the apartment. It seemed that nearly every day over the past 12 months, Mecklenburg County was issuing permits for apartment projects big and small.
Building a bubble? Developers plan to add thousands of apartments to the metro area, which has some wondering about overbuilding
It’s a lot of apartments. There are 7,000 units planned for the Charlotte area, mostly for the area north of the city. More than 1,000 units are under construction, and it’s no wonder why developers are salivating over apartments: Now’s a good time to be in the rental business, thanks to tougher lending practices that make it harder for people to buy homes and a major dip in confidence[...]
Latest News
- Home flipping profit margins rise after seven quarters of decline
- CP Group reports nearly 25,000 SF leasing at Harris Corners in Charlotte
- Foreclosure filings dip month-over-month as annual trend rises nationwide
- Construction Employment Increases By 17,000 In May As Both Nonresidential And Residential Firms Add Jobs; Hourly Pay Rises By 5.0 Percent For The Year
- Construction Jobs Increase In Majority Of Metro Areas From April 2025 To April 2026 Amid Growing Data Center Pushback And Need For Highway Bill
- Unemployment and foreclosure rates drive housing market risk in Florida and California
- Wall Street loses ground slightly after first Fed statement under Warsh
- Construction Spending Rises 0.9 Percent Annually In April; Association Urges Officials To Renew Highway And Transit Funding By September
- Zombie foreclosures rise in most states with North Carolina up 67 percent
- US consumer inflation breaks above 4% as Iran war raises energy prices
- Rail Trail Bridge to Connect Uptown to South End over I-277 work begins
- Construction employment rises in 32 states and D.C. with North Carolina adding 13,600 jobs
Features
- Thomas & Hutton Announces Ryo Yamamoto’s Professional Engineer Licensure in North Carolina
- Thomas & Hutton Grows Charlotte Team With Two New Project Engineers
- City of Charlotte Introduces New Deputy City Manager and New Director of Housing & Neighborhood Services
- JLL strengthens Charlotte capabilities with top Agency Leasing team hire from Foundry Commercial
- Thomas & Hutton Grows Charlotte Team With Two New Team Members
- Nick Schirato Joins Thomas & Hutton As An Environmental Designer In Charlotte
- Foundry Taps Alex Olofson to Lead Capital Markets Growth in Charlotte
- Tony Lathrop Strengthens Parker Poe’s Infrastructure, Transportation & Public Policy Services
- MVA Expands Economic Development & Incentives Group, Appoints Beth Buckner as Head
- Thomas & Hutton Announces Kaylee Neal’s Professional Engineer Licensure In North Carolina
- Thomas & Hutton Announces Sixth-Generation Leadership Transition as Firm Enters 80th Year
- Movement Mortgage welcomes Justin Caplan as East Coast Growth Director
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