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.

Tagged with: Charles Dalton Crescent Resources Real Data

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 in owning brought about by the housing market’s collapse.

Tagged with: Apartments John Porter Real Data Steve McClure

Demand for apartments in the Charlotte metro area remains at a record high, according to a September report from Real Data. In the past year, nearly 5,000 units were filled, and the average occupancy rate is now almost 93 percent, ...

Tagged with: Real Data