Charlotte’s metro area is seeing unprecedented suburban expansion, making it a prime location for neighborhood shopping center investments.
What Makes Charlotte’s Suburbs Attractive?
- Surging Population Growth: Suburban counties like Cabarrus, Union, and Iredell added over 11,000 new residents each from 2020-2022.
- Retail Space in Demand: Vacancy rates are at 3%, significantly lower than the national average.
- Strong Economic Base: Companies like Lowe’s (headquartered in Mooresville) and multiple new manufacturing plants are boosting local job markets.
- Top Investment Areas: Concord, Mooresville, Waxhaw, and Indian Trail offer strong retail potential.
Investment Opportunity:
Charlotte’s suburban retail properties provide stable occupancy, increasing rents, and high foot traffic—key indicators of a profitable investment.
Sources:
Dig into North Carolina’s Strong Retail Rent Growth
Fastest Growing Suburb In America Is This Sleepy North Carolina Town With Affordable Homes
America’s 50 Fastest-Growing Suburbs With Home Values Under $500,000
North Carolina Now Home to Over 11 Million People
How is North Carolina Population Change Occurring?
When North Carolinians Move Across County Lines
Latest Population Estimates Show Most NC Counties and Municipalities Growing
Most Counties Share in NC’s Continued Growth
NC to Become 7th Most Populated State in Early 2030s
Phil Neari, CPM, is a graduate of the University of Northern Colorado and has been active in the commercial real estate and property management business for over 30 years. He holds the prestigious Certified Property Manager designation (CPM) awarded by the Institute of Real Estate Management and is a Licensed Real Estate Broker in North Carolina, South Carolina, Virginia, Tennessee, and Texas. Phil is a member of the International Council of Shopping Centers (ICSC), Institute of Real Estate Management (IREM) and the National Association of Realtors (NAR). Phil is Broker in Charge of our Winston-Salem office and oversees property management and leasing activities. He also provides advisory services to select buyer and tenant representation clients as well as identifies potential investment and development properties.