Chuck McShane and Michael Smith
Charlotte, N.C., is one of the fastest-growing cities in the United States. Strong in-migration, a thriving job market and several public investments have stimulated capital injections. More than 1,000 Mecklenburg County businesses added nearly 13,000 jobs in 2017, making it the strongest year for job announcements since 2014, according to a recent Charlotte Chamber growth report.
In order to understand the magnitude of the development wave that Charlotte is about to experience during the next few years, Commercial Property Executive approached local developers and officials. Chuck McShane, director of business analytics and data for the Charlotte Chamber, revealed the reasons behind Charlotte’s growth boom. Charlotte Center City Partners CEO & President Michael Smith listed a few of the projects that will impact the future of the Queen City.
Charlotte has shown one of the strongest recoveries among U.S. metros this cycle. Where is the metro’s growth coming from?
Chuck McShane: The Charlotte metro area is rapidly growing due to increased domestic and international migration. A net of more than 37,000 people a year, more than 100 a day,