South End is undergoing substantial office construction, showing very high demand compared to other Charlotte markets.

Average office rental rates in Midtown and South End have jumped from $24.68 per square foot, to $33.38. A 35-percent increase in 5 years, according to JLL.

South End is an area of interest due to the multi-family boom over the last ten years and the amenities that have come to the area.

Office construction in Uptown still out paces South End, but total vacancy rates are about 5 percent higher, according to JLL.

Charlotte is undergoing an intense rewrite of its development rules, which will take years to complete and will address future city planning in areas spanning from building heights to tree ordinances, urban street design to floodplains, erosion control to transportation.

The real estate forecast in the Charlotte, North Carolina area bodes well for the 2018 housing market and beyond.

Here at Camuso CPA, we do have the ability to offer cost segregation studies to our clients. If you are interested into how this service might benefit your business, please don’t hesitate to give us a call today. One of our friendly and knowledgeable representatives will be happy to answers any questions you have.