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RECOVERY TRENDS, CONTINUED

RECOVERY TRENDS, CONTINUED
RECOVERY TRENDS, CONTINUED

3. AIRPORT ENGINE

Charlotte's airport is the sixth busiest  in the US, and a major economic development differentiator. Although critics say most flights are provided by USAirways, which creates some vulnerability, the airport is well positioned. It also has a strong  bond rating, is in the midst of a billion-dollar renovation/expansion program, and is one of the few major airports with room to expand.
Wells Fargo

4. STRONG FINANCIAL HUB

Despite the demise of Wachovia, Charlotte is as relevant as ever in the financial services industry and remains the second-largest financial center in the nation, a fact that's a  major driver  in the office market. Wells Fargo (seen here on move-in day) has kept Charlotte as a major hub after buying Wachovia; BofA's headcount has held up; and TIAA-CREF, Teachers, AXA, SCOR, Ally, Fifth Third Bank, PNC, LPL, and many other financial services companies have a major presence here.

RECOVERY TRENDS, CONTINUED

5. ENERGY GROWTH

With Duke Energy's acquisition of Progress Energy looking likely, Duke will become the largest public utility  in the US. Charlotte has become a hub for the energy industry, and that too is driving demand.