Charlotte Chamber – Charlotte-Mecklenburg New and Expanded Business

Charlotte continues to reflect a healthy economic recovery with low unemployment and a robust real estate market. We are often seeing multiple Offer situations, especially in our inner-city neighborhoods, extending out into the Ballantyne area. The Lake Norman area is a bit slower recovering, yet data reflects positive movement in that market as well.

American Airlines merge with US Air, making Charlotte Douglas International Airport the second largest hub for the largest airline in the world. MetLife & XPO Logistics move to Charlotte contributed significantly to the South Charlotte/Ballantyne area’s rise in economic standing.

With interest rates remaining at an all-time low, expect 2014 to be a healthy follow-up year to one of the best years we’ve experienced in recent decades.

Year-End Summary of New and Expanded Business

Year	Firms	Jobs	Square Feet (millions)	Investment (millions)
2013	1,138	11,530	5.7	$854.90
2012	1,180	9,595	6.9	$1,252.70
2011	1,089	8,850	6.2	$669.40
2010	912	10,781	6.4	$1,063.70
2009	1,029	15,542	11.3	$1,461.70

The Charlotte Chamber works to grow the economy, serve as a voice for business and to deliver value to our members.

Debe Maxwell www.iCharlotteRealEstate.com‘s insight:

With the unemployment rate at a five year low, and the number of home sales in 2013 being the highest since 2007, Charlotte’s economic recovery is most definitely on the rise.

See on charlottechamber.com

See on Scoop.it – Charlotte Real Estate