News
Charlotte Commercial Real Estate

RETAIL VACANCY DROPPING

While national neighborhood and community center vacancies languish at a peak of 10.9% for the fourth quarter in a row, Charlotte's has fallen  for four consecutive quarters, says Reis analyst Brad Doremus. The metro?s retail vacancy rate fell just 10 bps in Q1 2011, but the quarter capped off a 12-month period that saw a 100 bps drop. Charlotte began exhibiting declines in Q2 2010, the same quarter in which the national rate hit the peak that it's been at ever since. However, 2011 should bring a pause in Charlotte's gravy train. Reis expects retail vacancies in the market to climb higher before the year is out, resuming their decline in 2012.

Continue reading this story with a free account

Log in or register
Related Topics: Brad Doremus
Sign up for more articles like this
Subscribe to Bisnow's Charlotte Newsletters
Related Stories

Federal Government To Sell Nearly 31K SF In Five Points: The Denver Deal Sheet

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Artificial Intelligence Companies Reshaping Dublin Office Demand As OpenAI Confirms HQ

Mars Factory Overhaul Stalls As Candymaker's Chicago Expansion Accelerates

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Empire State Building Observation Deck Hemorrhaging Visitors, Value

Cortland, Pulte, INVH, Walker & Dunlop Execs Talk Changing Demographics, AI

America's War Machine Is Growing, Sparking A Defense Real Estate Boom

Boca Raton's New Leaders Throwing 'All Kinds Of Curveballs' At Developers

CBRE Posts 16% Revenue Growth In Q2 As Data Center Business Shines

How Metropolis Is Bringing Parking Into The Future With AI And Recognition Technology

While Chicago Development Stalls, Fulton Market Keeps Building