KEEPING OUR OPTIONS OPEN
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Two years ago, Charlotte had some monster new buildings about to dump 3M SF of office space on the CBD, just in time for most office relocations and expansions to skid to a halt. The Queen City has been in recovery ever since, and Tracy Finch Dodson (above) is one of the 12 Steps. As director of economic development at Charlotte Center City Partners, she was hired on about the time of the collapse. But she's been part of a larger team that's helped fill more than 700k SF of uptown office space in the past 24 months. Major new tenants or expansions include Ally Bank, Citco Fund Services, Synergy Insurance, and Fifth Third Bank. Tracy acknowledges that most market surveys still show uptown vacancy at about 10%, or roughly 1.5M SF. But she remains undaunted. ?Everybody is scared of the vacancy rate right now,? she says. ?But it gives us depth to the market and gives potential tenants great options.? |
