The Charlotte Club



why charlotte?

Charlotte, the 26th Largest MSA, has made the critical long term investments to successfully position itself on a dynamic growth trajectory well into the future. It has distinguished itself as a leading business friendly and people sensitive environment in the rapidly expanding Southeastern markets. The scope and quality of demand growth places Charlotte at the top of the list of strong secondary markets on the cusp of breaking into the top tier. Lodging investments have benefited accordingly. On a macro level, metro Charlotte is a highly desirable market for achieving strong returns from lodging investments..

  • Charlotte is the third fastest growing major city in the US and the 16th largest, up from 35th place in 1990. 
  • A major US financial center and the 2nd largest center of banking after New York City • Charlotte Douglas International Airport (CLT), currently undergoing a major expansion and renovation, is the world’s sixth most-active airport in total operations and the nation’s eighth busiest by passenger count.
  • During the past 10 years, 7,212 new firms have invested more than $8 billion in new Charlotte facilities.
  • 291 of the Fortune 500 companies are represented, with five headquartered in the Charlotte MSA, including the home improvement giant, Lowes, and Bank of America.
  • New large scale commercial developments are underway and catalyzing job creation; the tourism infrastructure and leisure demand generators are expanding; and the pace of new housing starts is accelerating. Highlights include: The greater Charlotte MSA holds a current inventory of 100 million square feet of office space with an approximate 10 percent vacancy rate.
  • An additional 2.9 million square feet of office space are under construction and proposed in the Uptown, South End and Midtown submarkets, including over 1 million S.F. between the Tyron Place development, 1000 South Tyron Tower and 615 South College Office Building.
  • Approximately 6,900 housing units are proposed or under construction in the greater Charlotte MSA. * An additional 300,000 square feet of retail space is being added to the current inventory.
  • Companies expanding their presence in the Charlotte market or relocating to the area include: * AvidXchange: the addition of 603 jobs and a new 115,000 S.F. corporate headquarters at the NC Music Factory.
  • Sealed Air Corporation bringing an additional 1,262 positions to the area and a long term commitment of $58 Million in a three building office complex.
  • MetLife is adding approximately 1500 employees to their Charlotte facilities in 2015.
  • Charlotte has earned the moniker “New Energy Capital”, with the presence of over 240 energy related companies, including Duke Energy, Siemens Energy, Piedmont Natural Gas, Fluor, Shaw Group, Toshiba and Westinghouse
  • Emphasis on education: There are 45 Higher Learning Institutions in the greater Charlotte region.
  • Favorable population and demographic trends: For the period 2000 through 2013 Charlotte’s population increased 28.13% versus 10.84% nationally