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Job Growth Brings Renter Demand; Charlotte Among the Fastest Growing Large Cities

Charlotte’s rental market is improving as strong job growth and household formation generate demand. Further gains in payrolls are expected, especially from the construction, leisure and hospitality, and financial activities sectors. For instance, thousands of jobs are forecast when the Tryon Place property development is completed in 2017, providing over 30,000 square feet of retail and restaurant space. New households will also be added as employers relocate to the metro. Packaging company Sealed Air Corp. will bring 1,300 employees next year in a move from New Jersey. As the Queen City draws thousands of job seekers and employers, it ranks among the fastest growing large cities in the nation for population growth. It is becoming difficult for housing construction to maintain pace as demand soars. Consequently, rents are at the highest level in over a decade, and are forecast to climb further […]


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