• Announcements

    • Neo

      WARNING!   07/26/16

      By reading or participating in the Coffee House forum, you are acknowledging that some topics may be highly controversial in nature. While we make every attempt to ensure that no one and no groups are offended as a result of discussions contained within, we unfortunately can make no guarantees. Participate in threads contained within this forum at your own risk.

Archived

This topic is now archived and is closed to further replies.

StevenRocks

Is Charlotte A Good Market For Retail?

Recommended Posts

Report hammers Charlotte retail market

A retail real estate report released to more than 50,000 industry players pegs the Charlotte market as one of the nation's weakest by a range of supply-and-demand indicators for 2005.

That's news to most who are involved in the industry here, including local analysts.

So what do'ya'll think. Is Charlotte able to absorb all the new retail projects going up? And if it is, will Marcus & Millichap's negative report affect how national developers see the merket, potentially limiting future development?

Share this post


Link to post
Share on other sites


Well there are certainly sections of the city that are at capacity, such as Pineville and the Eastland area, but SoutPark could stand to add about 500,000 sq. ft. of retail, and the NorthLake Mall will do fine, but it will limit how much else can go to Huntersville or Cornelius. Western Union county is dramatically underserved, and could stand several million more sq. ft.

Share this post


Link to post
Share on other sites

apparantly not much since their closest office is in Atlanta, and the data they used is supplied by a company out of Raleigh, I'd say they have a pretty bad handle on the market....but what do I know.

Share this post


Link to post
Share on other sites

I don't know if I believe the report either. There are so many sections of the metro that are underserved, and there are a lot of older vacant properties that aren't suited for modern retail that are distorting the occupancy figures.

Share this post


Link to post
Share on other sites

  • Recently Browsing   0 members

    No registered users viewing this page.