{"id":1004164157,"date":"2017-01-17T00:42:06","date_gmt":"2017-01-17T08:42:06","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004164157"},"modified":"2025-02-26T23:30:22","modified_gmt":"2025-02-27T07:30:22","slug":"yardi-matrix-charlotte-a-hotspot-for-deals","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/yardi-matrix-charlotte-a-hotspot-for-deals\/","title":{"rendered":"Yardi Matrix: Charlotte, A Hotspot for Deals"},"content":{"rendered":"
\"Charlotte

Charlotte rent evolution, click to enlarge<\/p><\/div>\n

Charlotte\u2019s multifamily market is thriving as a result of healthy demand, which has produced above-trend increases in rents and accelerated transaction volume and values. Though the outlook points to continued gains in employment and population, the outpouring of new supply and issues with affordability could prompt a slowdown in rent growth.<\/p>\n

Charlotte\u2019s strategic location within the Piedmont-Atlantic Megaregion helps fuel the metro\u2019s economy, with employment led by transportation and distribution. The city is also known for its banking industry, though tech startups have begun making inroads. Young workers are attracted to the live-work-play environment, as evidenced by the amount of new supply concentrated in the Uptown submarket. The cranes stretch beyond Uptown, as Charlotte Douglas International Airport undergoes a $2.5 billion expansion.<\/p>\n

A low cost of living has bolstered population growth, but most of the upcoming supply is aimed at high-end renters and buyers. Affordability is starting to become a problem, though rents rest below the national average at $918. Signs of decelerating rent growth align with national trends. Due to robust investor demand, transaction activity reached $1.7 billion in 2016, a new high in the current cycle, while prices also hit highs for the current cycle.<\/p>\n

Read the full Yardi Matrix report<\/a>.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Charlotte\u2019s multifamily market is thriving as a result of healthy demand, which has produced above-trend increases in rents and accelerated transaction volume and values.<\/p>\n","protected":false},"author":1269,"featured_media":1004164161,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37769,1582,21808,21742,37795],"tags":[],"class_list":["post-1004164157","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rc-absorption","category-charlotte","category-featured","category-latest","category-rc-occupancy"],"acf":[],"yoast_head":"\nYardi Matrix: Charlotte, A Hotspot for Deals - 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\/yardi-matrix-charlotte-a-hotspot-for-deals\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Yardi Matrix: Charlotte, A Hotspot for Deals\" \/>\n<meta property=\"og:description\" content=\"Charlotte\u2019s multifamily market is thriving as a result of healthy demand, which has produced above-trend increases in rents and accelerated transaction volume and values.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/yardi-matrix-charlotte-a-hotspot-for-deals\/\" \/>\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=\"2017-01-17T08:42:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-27T07:30:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/Charlotte2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"the Editors of Commercial Property Executive\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/yardi-matrix-charlotte-a-hotspot-for-deals\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/yardi-matrix-charlotte-a-hotspot-for-deals\/\",\"name\":\"Yardi Matrix: Charlotte, A Hotspot for Deals - 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