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Charlotte Commercial Real Estate

BUT ALL PICTURES ARE NOT SO PRETTY

This is your apartment building on drugs. Average multifamily rental rates have improved significantly on the Charlotte front, Real Data?s Engle Addington tells us. By year's end ?11, average monthly rent was up 5.7% from 1.8% for the same period in '10, Engle says. But nationally, rents have yet to grow at rates previously projected. NY-based Reis? Victor Calanog says his early predictions for national rent growth in ?11 were greater than 6%. The market watcher scaled back rent growth to about 2.6% after year-end numbers rolled in.

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