News
RETAIL RENTS RISING
March 1, 2012
| The Charlotte retail market is slowly recovering, especially uptown, Marcus & Millichap?s Gary Lucas tells us. (Mother's Day is just around the corner, you know, beat the rush.) | ||
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| But retailers will likely remain cautious in coming months as ongoing layoffs in financial services hinder consumer confidence, Gary says in M&M?s newly released Charlotte 2012 Outlook report. But the recent completion of UNC-Charlotte's $45M Center City Building should prove a catalyst for new construction and retail leasing interest, Gary says. In 2012, asking rents should climb 1.6% to $17.56/SF, while effective rents should rise 2.1% to $15.24/SF. | ||
