{"id":1004116055,"date":"2015-03-23T13:57:22","date_gmt":"2015-03-23T21:57:22","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=334503"},"modified":"2020-05-21T22:51:48","modified_gmt":"2020-05-22T06:51:48","slug":"charlotte-ranks-among-20-cities-with-highest-rent-increases","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/charlotte-ranks-among-20-cities-with-highest-rent-increases\/","title":{"rendered":"Charlotte Ranks Among 20 Cities with Highest Rent Increases"},"content":{"rendered":"

By Eliza Theiss, Associate Editor<\/em><\/p>\n

\"\"<\/a><\/p>\n

Lofts at Music Factory location<\/p>\n<\/div>\n

The National Association of Realtors (NAR) has named Charlotte among the top-20 cities with the highest rent growth over the past five years, the Charlotte Business Journal<\/em><\/a> reported.<\/p>\n

According to the NAR , Charlotte\u2019s apartment industry saw rents expand by 15.6 percent between 2009 and 2004, landing the Queen City on the 20th<\/sup> spot on the list.<\/p>\n

As a result it should come as no surprise that Charlotte is experiencing a veritable apartment boom. One company that seems to be on a development roll is local developer DPJ Residential. The company, which is also developing the 77-unit Asbury Flats<\/a> on Freedom Drive, has recently filed papers to rezone a 2-acre site on Central Avenue, the Charlotte Observer<\/a><\/em> reported. DPJ plans to develop a boutique apartment community consisting of one three-story and one four-story structure as well as a swimming pool. DPJ is also developing Lofts at the Music Factory on a 1.29-acre parcel abutting the popular 175,000-square-foot entertainment and nightlife hub of the N.C. Music Factory. According to Charlotte Business Journal<\/a><\/em>, the 100-unit Music Factory project might be followed by a 120-unit project in Wilmington, N.C.<\/p>\n

\"\"<\/a><\/p>\n

Triange Town Place – Dominion Realty Partners, Raleigh,N.C.<\/p>\n<\/div>\n

Dominion Realty Partners LLC from neighboring Raleigh, N.C. is looking to get a piece of Charlotte\u2019s apartment pie as well. According to the Charlotte Business Journal<\/em><\/a>, <\/em>the full-service real estate organization is under contract to acquire 3.3 acres in Uptown across Irwin Avenue from Gateway Village from Bank of America Corp. Dominion plans to start construction by mid-summer on the 300-unit project. The complex will consist of a parking deck bounded by a five-story structure. The yet-to-be-named project will be Dominion\u2019s first ground-up development in Charlotte. Dominion has been in active in the multifamily market of Southeastern cities such as Richmond, Virginia and Raleigh, N.C.<\/p>\n

Click here<\/a> for further Charlotte market data<\/em><\/p>\n

Image credits: DPJ Residential and Dominion Realty Partners<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The National Association of Realtors (NAR) has named Charlotte among the top twenty cities with the highest rent growth over the past five years.<\/p>\n","protected":false},"author":49,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1582,21742],"tags":[],"class_list":["post-1004116055","post","type-post","status-publish","format-standard","hentry","category-charlotte","category-latest"],"acf":[],"yoast_head":"\nCharlotte Ranks Among 20 Cities with Highest Rent Increases - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/charlotte-ranks-among-20-cities-with-highest-rent-increases\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Charlotte Ranks Among 20 Cities with Highest Rent Increases\" \/>\n<meta property=\"og:description\" content=\"The National Association of Realtors (NAR) has named Charlotte among the top twenty cities with the highest rent growth over the past five years.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/charlotte-ranks-among-20-cities-with-highest-rent-increases\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-03-23T21:57:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-22T06:51:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/03\/Lofts-at-Music-Factory-location.jpg\" \/>\n<meta name=\"author\" content=\"Eliza Theiss\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/charlotte-ranks-among-20-cities-with-highest-rent-increases\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/charlotte-ranks-among-20-cities-with-highest-rent-increases\\\/\"},\"author\":{\"name\":\"Eliza Theiss\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/de1353a5de72f96494054df3ecca7de4\"},\"headline\":\"Charlotte Ranks Among 20 Cities with Highest Rent Increases\",\"datePublished\":\"2015-03-23T21:57:22+00:00\",\"dateModified\":\"2020-05-22T06:51:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/charlotte-ranks-among-20-cities-with-highest-rent-increases\\\/\"},\"wordCount\":335,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/charlotte-ranks-among-20-cities-with-highest-rent-increases\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/03\\\/Lofts-at-Music-Factory-location.jpg\",\"articleSection\":[\"Charlotte\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/charlotte-ranks-among-20-cities-with-highest-rent-increases\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/charlotte-ranks-among-20-cities-with-highest-rent-increases\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/charlotte-ranks-among-20-cities-with-highest-rent-increases\\\/\",\"name\":\"Charlotte Ranks Among 20 Cities with Highest Rent Increases - 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