As residential real estate demand in Charlotte continues its growth, the multifamily market has continued to boom. According to a Charlotte Business Journal report, Charlotte was among the top apartment construction markets in the country in 2020. Record breaking growth is expected this year as existing renters continue to adapt to working from home. A large contributor to growth has been the pandemic-accelerated trend of population shift from traditional gateway cities to the emerging Sun Belt markets.
We at ClearVision Carolina could not agree more with this take on multi-family. Some developers are doubling or tripling the number of multifamily developments in 2021. Demand is high and we do not see that changing anytime soon. Feel free to reach out to us to further this discussion and see what we can do to help you take advantage of these times.