Study shows Charlotte growth on the rise

by: Jim Bradley Updated:


CHARLOTTE, N.C. - A new study shows the city of Charlotte's fortunes are rising.

A list of the top real estate markets, prepared by the Urban Land Institute, ranks Charlotte as the 16th best market in the country.

It also predicts that by the end of 2014 Charlotte will have gained more new jobs than it lost during the recession.

"Charlotte is a hot city for growth and that continues," said Bob Morgan of the Charlotte Chamber of Commerce.

The ULI study also predicts Charlotte's population of young men and women will grow faster than most other United States cities. It said by 2018 the number of men and women ages 20 to 34 years old will increase by 15 percent.

Experts said that influx of young workers will help sustain a boom in apartment complexes in Charlotte.

"We are seeing great demand," said Charlotte developer Clay Grubb. "And we expect it to continue for the next decade."

In addition, the Charlotte Chamber says it expects new job announcements in the coming months will add another 1,000 jobs.

"As we look at the pipeline we have some significant activity, we have some significant projects," Morgan said.

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