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Charlotte Commercial Real Estate

APARTMENT PACE AT LIGHT SPEED

Of the 12 rezonings  so far filed for early 2012, seven of them are multifamily projects. (The rest are spinachy Charlotte-Mecklenburg generated text amendments.) The filings represent hundreds of new rental units and millions of dollars in new projects.
 
Developers are rushing to meet tenant demand, and the trend only promises to accelerate next near, the Charlotte Apartment Association?s Irene Gammon  tells us. ?The 'home-ownership-or-die paradigm' is dwindling all across the country,? she says. Renters used to fall into certain niche demographics, but today they represent all kinds of people:  Old and young, folks just starting out, and those long retired. ?It's not something you can pinpoint to one segment of society anymore,? she says.
 

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