The Charlotte commercial real estate industry has continued pressing forward despite significant challenges over the previous 12 months. Previously dominant asset classes such as multifamily and industrial have started to face headwinds. Flattening rental rates and increasing vacancies due to a rush of activity precipitated by near-zero interest rates in 2020 and 2021.
More recently, financial and leasing pressures have materialized or continued across the major industry sectors. However, asset classes such as hotel and retail have shown signs of recovery, and not even the office market is holding in. What this means for investors searching for value in an environment with extremely challenging lending dynamics has been hard to determine. While some firms have ramped up fundraising to take advantage of distress in the marketplace, others have taken more of a wait and see approach.
The development community continues to push the industry forward, using creative strategies to bolster activity and drive the industry forward. Charlotte remains a market that investors have considerable confidence in.
Bisnow will delve into the areas showing returns, and the asset classes where developments can secure financing and find leases. At this event, Bisnow will discuss the projects that will resonate within their areas of town for many years to come. Hear about the most pressing issues in the Queen City real estate ecosystem from the players and firms that are engaging in industry-defining activity today to better equip you in search for that next deal.
What You’ll Learn:
- What asset classes are seeing the greatest success in securing construction financing at this stage of the heightened interest rate environment?
- How are retail, hospitality and office recovering as investments locally?
- Where is industry confidence in the continued success of Charlotte economically, and as a premier commercial real estate market?
- What is the status of the projects that will have the largest impact on the market?
- How are investors finding value in the acquisitions arena where a balance between buyers and sellers can be challenging to find?
