Charlotte Office Space

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Charlotte, North Carolina is the largest city in the state. The city has several nicknames like “Queen City” and “The Hornet’s Nest”. The city is one of the best places to live in America. The city offers a vivacious life style and excellent business opportunities that make life favorable for the inhabitants. In the early times, Charlotte was known as a textile center where the textile industries prospered. Charlotte, NC is a major financial center in the US and many renowned financial companies and banks are located in the city. Raleigh NC is the other major city nearby that offers huge opportunities for any growing company. Apart from the financial businesses, the motor sports industry is also flourishing in Charlotte. NASCAR has many Charlotte office spaces occupied in and near the surrounding areas.

Charlotte NC Data and Local Economy:

The population of Charlotte, North Carolina is approximated to be 687,456 in the year 2009 and it shows a steady increase of 3-4% yearly. The crime rate is well above the country average, so it has been ranked as the twelfth most dangerous area in United States. The economy is a balanced one with many industrial sectors and companies ranging from small business to multinational companies. Several fortune 500 companies like the Bank of America, Duke Energy, Family Dollar, Nucor, Sonic Automotive, etc. are headquartered in Charlotte. The diversity of businesses that thrive in the city offers stability to the local economy and commercial real estate sector. In times of the recent recession, the diversity helps balance the economy. as many smaller companies still need to rent an office or executive suite Recently, the city has given much priority to the development of knowledge based businesses. In the last years, the city has shown an unprecedented growth in various businesses. Find out more about Charlotte here.

Charlotte Office Space Rates and Vacancy %'s:

Apart from the domestic businesses, international businesses too show a steady growth in Charlotte, North Carolina. Now, it is one of the best ten cities where foreign investors flourish. The dominance of the banking sector is a blessing for the investors because they are able to find financial assistance and investment advice quite easily. The excellent transportation facilities facilitate superior distribution for various business operations. The airport in Charlotte is one of the busiest and biggest airports in the South East. The air cargo center and the airport are really busy with many flights going to many parts of the world. The office rental rates average to $18.55 per square foot. The vacancy rates of office space show a scary trend that follows the rest of the country while we face the recession. Some of the other popular cities within the Charotte area are: Carmel Commons, Central, Concord, East Village, Huntersville, Mint Hill, Matthews, PineVille, Stallings, Southpark, and Statesville. If you need to find out how big of an office you need check out our page.

Charlotte Economy and Commercial Development:

Employment in Charlotte is very good in terms of overall figures. The opportunities are distributed in the finance sector, insurance, retail trade, wholesale trade, manufacturing and information. Mecklenburg County in Charlotte accounts for more than 60% of the employment opportunities. The city of Charlotte, North Carolina is slowly growing as a manufacturing center. The number of manufacturing firms in Charlotte is higher than any other city in North Carolina. Plans are going on to tranform Charlotte to a universal knowledge center. With the efforts of skilled workforce, it is expected that they will successfully create the products and services suitable for the markets spread over the world.