Is Charlotte building too many apartments?

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Charlotte’s at risk of building too many apartments, new study says By | July 6, 2018 at 11:46 PM EDT – Updated August 8 at 4:20 PM CHARLOTTE, NC (Ely Portillo/The Charlotte Observer) – Charlotte’s high-flying apartment market can’t ignore the rules of supply and demand, according to a new report that warns developers might be building too many high-end units in the city.

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February 17, 2014 06:25 pm. real estate analysts say Charlotte’s apartment building boom could oversaturate the rental market this year, possibly prompting free-rent offers and other concessions as leasing competition intensifies. Developers, however, say the long-term outlook for the Charlotte apartment market remains bright.

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At the end of 2015 Charlotte should have a population of 829,592. It is like Charlotte is adding the population of Lexington, NC every year. How many apartments and houses will have to be built to house this many people. Now Charlotte has people moving away, so there will be some apartments and houses to rent and buy.

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So more dense development (apartments) within the city limits will become the norm. As well in a place like Charlotte where the growth spreads out to different counties, much of the growth is out of Charlotte’s control. It’s happening in unincorporated areas of counties, its happening in the cities surrounding Charlotte.

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