Today’s Real Estate Whispers is sponsored by The McIntosh Law Firm. At The McIntosh Law Firm, we offer experienced legal guidance in real estate development, property revaluation appeals, government relations, land use, estate planning, and business law—helping clients navigate complex legal and regulatory challenges.
Welcome back to our weekly look at Charlotte real estate and development news. Charlotte Commercial Real Estate Whispers is the best way to get the latest dirt on transactions, rezonings and projects happening across the Queen City.
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Editor’s note: We will be taking our usual summer break on Real Estate Whispers for the next two weeks, but I’ll be around to hear any gossip or tips. Send me a note at [email protected].
In today’s edition:
Power is becoming the key site determinant not only for data centers but also for manufacturers seeking real estate in the Charlotte region
Rock Hill is getting close to landing a big biopharma
A warehouse in a neighborhood with no name may soon get new life
Plans filed for Johnston YMCA parking lot site
Come grab a beer (and exchange real estate gossip!) with us in a couple of weeks
Townhouses are on streets named after an adjacent brewery
And a wrap-up of land deals and real estate news from us and other sources
As manufacturing and data center activity heat up in Charlotte region, competition for sites with power access heats up
It’s not just data centers — manufacturers looking for real estate in the Charlotte region and beyond are prioritizing power over most everything else in site selection. (Photo by Homa Appliances on Unsplash)
Power has always been a top priority for industrial real estate users, but it’s become an even bigger deal as electricity needs for companies grow and competition for sites with strong utility access stiffens.
Data centers have gotten most of the attention in the power struggle that’s emerged, especially the hyperscale facilities that tend to require 75+ megawatts of energy, but as Charlotte attracts more manufacturers, those users are also needing more power. It’s in part because of the advent of artificial intelligence and other technology, as those are used more in the manufacturing process, but advanced manufacturing today also simply requires more power.
One industrial broker told Whispers that he’s talking to manufacturing companies looking for space in the Charlotte region on a 2-to-1 ratio compared to distribution deals right now.
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