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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: 29-Oct-2010		 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) $ 24.50 $ 33.00 $ 28.50 17.0% N/A
Class A (Prime) $ 23.00 $ 28.00 $ 26.00 12.5% N/A
Class B (Secondary) $ 16.00 $ 23.00 $ 21.00 9.6% N/A
 
Suburban Office
New Construction (AAA) $ 24.00 $ 26.00 $ 25.00 30.0% N/A
Class A (Prime) $ 19.00 $ 27.00 $ 22.00 22.3% N/A
Class B (Secondary) $ 13.50 $ 20.00 $ 16.75 23.5% N/A
 
Industrial
Bulk Warehouse $ 1.75 $ 4.50 $ 3.50 15.3% N/A
Manufacturing $ 3.00 $ 5.25 $ 4.00 N/A N/A
High Tech / R&D $ 4.00 $ 10.00 $ 7.00 N/A N/A
 
Retail
Downtown $ 19.00 $ 35.00 $ 27.25 16.1% N/A
Neigborhood Service Centers $ 14.00 $ 22.50 $ 17.52 11.8% N/A
Community Power Center $ 16.00 $ 29.00 $ 21.48 5.5% N/A
Regional Malls $ 17.00 $ 40.00 $ 25.00 5.7% N/A

Development Land Low () High ()
Office in CBD $ 1,700,000 $ 4,500,000
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 $ 80,000

 

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