{"id":432,"date":"2021-01-14T10:32:34","date_gmt":"2021-01-14T10:32:34","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=432"},"modified":"2023-03-10T08:14:14","modified_gmt":"2023-03-10T08:14:14","slug":"charlotte-real-estate-market-winter-2021","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/charlotte-real-estate-market-winter-2021\/","title":{"rendered":"Charlotte Real Estate Market – Winter 2021"},"content":{"rendered":"

Rental Market\u2019s Rebound Continues<\/strong><\/h2>\n

Although it faced its share of challenges\u2014particularly in the second quarter\u2014Charlotte\u2019s multifamily market is on a better path. In November, overall rents averaged $1,229, improving by 0.5% on a trailing three-month basis. Meanwhile, the national rate remained flat.<\/p>\n

Charlotte\u2019s unemployment rate hit 13.2% in May, but that figure had dropped to 6.0% by October, according to preliminary data from the U.S. Bureau of Labor Statistics. All but one employment sectors contracted in the 12 months ending in September. Banking and finance remained the linchpin of the Queen City\u2019s economy, with the financial services sector adding 4,200 jobs. Much of the growth came from fintech, particularly from firms handling online payments during and following last year\u2019s national lockdown. Local automation software firm AvidXchange has seen demand increase as companies accelerate digitalization plans. To accommodate growth, AvidXchange is working on a $41 million headquarters expansion north of Uptown, which is expected to
\ncreate more than 1,200 jobs over the next few years.<\/p>\n

A total of $2.2 billion in multifamily assets changed hands across Charlotte in 2020 through November. Going forward, investor appetite for more affordable, less-dense cities with strong talent
\npools is likely to put Charlotte at an advantage.<\/p>\n

Read the full Matrix Multifamily Charlotte Report-Winter 2021<\/strong><\/a><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Rental Market\u2019s Rebound Continues Although it faced its share of challenges\u2014particularly in the second quarter\u2014Charlotte\u2019s multifamily market is on a better path. In November, overall rents averaged $1,229, improving by 0.5% on a trailing three-month basis. Meanwhile, the national rate remained flat. Charlotte\u2019s unemployment rate hit 13.2% in May, but that figure had dropped to […]<\/p>\n","protected":false},"author":650,"featured_media":433,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[448,221],"class_list":["post-432","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro-reports","category-multifamily-market","category-real-estate-trends","tag-charlotte","tag-multifamily-outlook-2021"],"yoast_head":"\nCharlotte Real Estate Market - Winter 2021 - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Although it faced its share of challenges\u2014particularly in the second quarter\u2014Charlotte\u2019s multifamily market is on a better path.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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