CHARLOTTE, N.C. - Charlotte has reclaimed its status as a top 10 market to watch for real estate investors in the upcoming year.
That’s according to the 2019 Emerging Trends in Real Estate report by the Urban Land Institute and PricewaterhouseCoopers. Released on an annual basis for the past four decades, the report offers a comprehensive outlook on the real estate industry in North America as well as current trends.
Charlotte placed at No. 9 — matching its rank from two years ago, but coming in three spots higher than its No. 12 placement last year. Meanwhile, the Raleigh/Durham real estate market remained higher than Charlotte, landing at No. 3 among top markets to watch.
“Charlotte is enjoying a virtuous cycle, in that the area is both affordable to live and to do business. The combination of both, increases its attractiveness to workers and employers alike,” said Mitch Roschelle, a co-publisher of the report and a U. S. Real Estate Advisory practice leader for PricewaterhouseCoopers. “And where you have growth in the employment base and the population, you have demand for real estate. And where you have demand for real estate, no surprise, real estate investors want to be.
This slideshow provides a look at the top 20 overall real estate prospects in the U.S., out of 79 markets included in the survey, as well as how Charlotte ranked on various measures that were part of the survey.
© 2019 Cox Media Group.