The Queen City was Ranked as the 3rd Best Real Estate Market in America!
Charlotte now ranks has the third most attractive real estate market in America for 2016, according to a new 106 page report by the Urban Land Institute and PwC, . The ranking was determined using an exhaustive internal study of economic indicators and a nation-wide survey of leading real estate professionals and investors.
The Queen City dominated the southeast, beating Atlanta (#5), Nashville (#7), Raleigh/Durham (#11) and Charleston (#25) – narrowly being beat by Dallas/Ft. Worth and Austin, Texas.
This year’s ranking showed a huge improvement over last year, when Charlotte was given the #7 spot for 2015.
Charlotte’s booming population, growing economy, small businesses attractiveness, and strong construction sector were the most significant factors in achieving such a high ranking in the groups’ annual Emerging Trends report.
Our city has seen a huge flood of money over the last year, with new office towers in uptown, SouthPark and Ballantyne, and over 12,300 apartments currently under construction all around Center City. Secondary markets such as Nashville, Tampa, Charlotte, and similar cities feature much lower living costs and stronger growth potential when compared to primary markets such as New York, LA, and Chicago.
Credit: Charlotte Stories' Article here.