February 2025 Luncheon: “Shaping Charlotte’s Future: Economic Growth, Industrial Trends & the Riverbend Preserve Project”
Submitted by Keiko Pace, Stephens Office Systems
At CREW Charlotte’s February Luncheon, industry experts Cliff Brumfield (Lincoln County Economic Development Association), Gretchen Carson (Charlotte Regional Business Alliance), and Natalie Ceva (JLL) discussed Charlotte’s booming economy, industrial real estate trends, and the transformative Riverbend project.
Charlotte remains one of the nation’s fastest-growing metro areas, bolstered by its business-friendly environment, extensive connectivity, and top-tier research institutions. With one of the world’s busiest airports and some of the lowest corporate tax burdens in the Southeast, the region continues to attract companies and talent.
Charlotte’s industrial real estate sector remains strong, with a 7.7% vacancy rate and an 82% increase in rental rates since 2018. Currently, over 5.6 million square feet of industrial space is under construction, contributing to a market that has grown by 30% since 2010 as manufacturing companies increasingly choose the Carolinas.
A highlight of the discussion was the Riverbend Preserve, a decade-long public-private collaboration set to bring 800+ homes, millions of square feet of industrial and office space, and a shared tax base between Gaston and Lincoln counties. This development aims to balance residential expansion with industrial growth, ensuring sustainable economic development for the region.
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