Charlotte Named Most Up-And-Coming City In America

Crowd shot in Uptown Charlotte
Photo credit: Courtesy of Alex Cason
Uptown Charlotte

On the search for the next emerging market where business thrives? Keep your eyes on North Carolina.

Charlotte was recently named the most up-and-coming city in America, using real-time data examining neighborhoods and cities.

The study, created by Yelp and reported by Time, highlighted Charlotte’s success in the city’s restaurant, wider food and home services industries. Cities were ranked based on millions of data points that factored in whether climates allow businesses to flourish. Both current conditions and predictions for the future were examined — not only are businesses opening here, but they are staying open.

Yelp’s data editor Carl Bialik told Time user ratings were insignificant to the study; heavier factors included users’ search and viewing patterns during Q3 2017.

“We can make good predictions about the likelihood of closure, and we can use that as a proxy for local economic health,” he said.

Boston ranked last in the 50 cities studied; Time cited a saturated market and high cost of living as reasons businesses struggle to thrive.

In individual categories, Charlotte ranked in the top 10 for the following: shopping, restaurants, food, automotive, health and medical, active life, home services, and beauty and spas. It nailed the No. 1 spots for overall rank and food.

“Charlotte is a vibrant city that really embraces local businesses and owners,” Yelp Charlotte Community & Marketing Director Nikki Wolfe told Bisnow. “It was no shock to me at all when we got the data back and the Queen City was No. 1 on the list. It’s a really exciting time for Charlotte.”

Continue reading this story with a free account

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

What Charlotte Wants To Learn During Its 150-Day Moratorium On New Data Centers

Mamdani Names Anthony Shorris CEO, Lina Khan Chair Of EDC

With Bump In Defense Spending, Massachusetts Reaches For A Bigger Slice Of The Pie

108-Acre Hawthorne Race Course Set To Trade In Bankruptcy Sale

'Terrell's Turn': How A Once-Sleeper Town Is Emerging As A New DFW Retail Hub

Lincoln Property Buys Charlotte Developer In Bid To Boost Deals

Chicago Fire Stadium Nears $425M TIF Boost

Adaptability Key As UK Stadium Development Enters New Era

New York Investor Pays $36.6M For Shopping Center In Charlotte

The Parking Problem That Chicago Developers Want To Build Around

'An Avalanche Of Good': Scottish World Cup Crowds Have Boosted Boston Businesses

Repositioning LA's Westside: Bisnow Event To Examine Santa Monica Commercial Real Estate