Jan
23

Words Like ‘Cautious’ are Heard in Charlotte CRE Forecasts

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cautionIt’s commercial real estate forecast season in Charlotte – I’ve been to three in the past week – and the general consensus seems to be that 2017 is shaping up to be sort of an “eh” year.

That’s a very precise business term, of course. Experts and real estate professionals seem agreed that while Charlotte’s white-hot pace of growth in everything from rent to new construction might slow down a bit this year, there aren’t any big, flashing signs warning “Crash ahead!”

Put another way, most professionals don’t think we’re sitting on top of another pre-recession bubble here, a la 2006 and 2007. They point to Charlotte’s strong fundamental metrics: A growing number of jobs, influx of new population and major public investments such as the Blue Line light rail extension set to open this year.

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