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In today’s edition:
A closer look at the trends driving Charlotte’s single-family rental market
Walking through Capital Group’s future Charlotte hub
Huntington Bank sign to join Charlotte’s skyline
Road-building costs have surged 15% a year
Redevelopment plan mulled for south Charlotte office park site
And a wrap-up of land deals and real estate news from us and other sources
Single-family rentals are sitting on the market longer in Charlotte as competition, supply heats up
This is a single-family rental on the market in University City, similar to other homes that Queen City Management Services manages across Greater Charlotte. (Photo courtesy of Queen City Management Services)
by Ashley Fahey
Earlier this year, Halah Ladson, broker-in-charge of Queen City Management Services, noticed her rental listings were sitting longer than what she considered typical. She decided to dig in to figure out what was driving the trend.
Many of Ladson’s clients are individual or small owners of single-family rental houses geared toward middle-income households in Greater Charlotte. She, too, is an investor.
An analysis she did of 10,817 Mecklenburg County rental listings via Canopy MLS found it wasn’t just her company’s units:
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