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Charlotte, North Carolina

Metropolitan Area Economic Overview
Calculations for all indices were provided by SRC, LLC

Market Research provided by NAI Southern Real Estate
Last Updated: 22-Oct-2009		 Market Overview
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Market Research

* Click on each category for a detailed definition.
Low High Effective Avg. Vacancy Investment Yield
Downtown Office
New Construction (AAA) $ 26.00 $ 34.00 $ 29.00 38.0% N/A
Class A (Prime) $ 24.00 $ 32.00 $ 27.25 7.5% N/A
Class B (Secondary) $ 17.00 $ 23.00 $ 20.50 9.5% N/A
 
Suburban Office
New Construction (AAA) $ 21.00 $ 27.00 $ 25.00 38.0% N/A
Class A (Prime) $ 18.50 $ 26.00 $ 21.00 21.0% N/A
Class B (Secondary) $ 15.00 $ 20.00 $ 17.00 14.5% N/A
 
Industrial
Bulk Warehouse $ 2.00 $ 4.50 $ 3.50 14.0% N/A
Manufacturing $ 3.00 $ 5.25 $ 4.00 N/A N/A
High Tech / R&D $ 4.50 $ 10.00 $ 7.00 N/A N/A
 
Retail
Downtown $ 18.00 $ 34.00 $ 28.93 10.5% N/A
Neigborhood Service Centers $ 14.00 $ 22.50 $ 17.72 10.2% N/A
Community Power Center $ 15.00 $ 29.00 $ 19.96 8.5% N/A
Regional Malls $ 20.00 $ 40.00 $ 25.00 6.3% N/A

Development Land Low (Price/Acre) High (Price/Acre)
Office in CBD $ 2,500,000 $ 5,445,000
Land in Office Parks $ 50,000 $ 150,000
Land in Industrial Parks $ 50,000 $ 100,000
Office/Industrial Land - Non-park $ 40,000 $ 100,000
Retail/Commercial Land $ 75,000 $ 500,000
Residential $ 25,000 $ 90,000

 

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